Brings someone utility and vice versa

Reference no: EM13684286

Just because something is useful doesn't mean it brings someone utility and vice versa. With this being the case, provide two examples of a good or service that are useful and will bring a certain individual utility because of their usefulness. Also, provide two examples of a good or service that are not useful but will bring a certain individual utility even though they're not useful. Be sure to provide a brief rationale for your choices.

Reference no: EM13684286

Questions Cloud

The marginal cost pricing model calculates a mark up : The marginal cost pricing model calculates a mark up over marginal costs using estimates of the price elasticity of demand. Will any other pricing strategy result in higher profits?

What could keep the expansions from happening : A bank currently has $70,000 in deposits, $6,000 in cash in the vault, $12,000 on deposit with the Fed, and $7,000 in government securities. The needed reserve ratio is 20 percent. Answer these questions: What could keep the expansions from happening..

Will any other pricing strategy result in higher profits : The marginal cost pricing model computes a mark up over marginal costs using estimates of the price elasticity of demand. Will any other pricing strategy result in higher profits?

Compare and contrast the culture in the united states : Compare and contrast the culture in the United States with Mexico and Japan.

Brings someone utility and vice versa : Just because something is useful doesn't mean it brings someone utility and vice versa. With this being the case, provide two examples of a good or service that are useful and will bring a certain individual utility because of their usefulness. Also,..

What is the after-tax investment value : A corporation purchased a machine for $60,000 five years ago. It had an estimated life of ten years and an estimated salvage value of $9,000. The current book value of this machine is $7,500. If the current market value is $25,000 and the effective i..

Computer crime and the role of prosecutor : Effective method that you believe would be beneficial for a company to prevent cybercrime. Provide a rationale to support your recommendation.

How will a healthcare administration degree help : How will a healthcare administration degree help

Relationships between expenditures and sales : Please share your understanding of the relationships between expenditures and sales. You are encouraged to discuss all of the marketing, advertising, promotions, and any other expenditure related to sales.

User Account

All Pages