BUSINESS HIGH SCHOOL

The word “util” has been used by economists in the past as an objective measure of utility.Today economists believe that



A. utility cannot be measured objectively.


B. utility can be measured objectively because people can use prices of different goods to measure utility.


C. all of the important conclusions of the economic model of consumer behavior depend on utility being measured objectively.


D. the util truly is an objective, rather than a subjective, measure of utility.

Answers

Answer 1
Answer: The word “util” has been used by economists in the past as an objective measure of utility.
Today economists believe that utility cannot be measured objectively.
Answer 2
Answer:

Final answer:

Economists currently believe that utility, historically represented by 'util', is subjective and cannot be measured objectively. It varies based on individual preferences and circumstances. Prices can suggest perceived utility, but they cannot accurately measure it.

Explanation:

The term "util" was indeed used in historical context to represent a unit of utility. However, today, most economists agree with option A, that utility cannot be measured objectively. Utility is considered subjective as it varies from individual to individual based on their personal preferences, needs, and circumstances. It's challenging to quantitatively asses and compare utility across different individuals or even for the same individual across different circumstances. Prices of goods can be suggestive of their perceived utility but cannot accurately measure it as utility depends on personal subjective valuation.

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I hope that's help:0

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Answers

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Shares of ABBO stock are currently selling for $14.43 a share. The last annual dividend paid was $1.61 a share, and dividends increase at a constant rate. If the market rate of return is 14 percent, what is the dividend growth rate

Answers

Answer:

The dividend growth rate is  3%

Explanation:

Given that:

  • Dividend : $1.61 (D)
  • Price:  $14.43 (P)
  • Market rate of return: 14% = 0.14 (r)

As we know that, the formula to find the price of a stock is:

  • P = D / (r - g)

In this question, we have:

14.43 = 1.61 / (0.14 -g)

<=> 0.14 - g = 1.61 / 14.43

<=> g = 0.14 - 0.11

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Answer:

Growth rate  = 2.56%

Explanation:

Using the divided growth model

P = D× (1+g)/(ke-g)

P- price of stock, g- annual growth rate, Do- last dividend paid, Ke- market return

Substituting, we have

14.43 = 1.61(1+g)/(0.14-g)

cross multiplying

=14.43× (0.14-g) = 1.61 + 1.61g

2.0202- 14.43g = 1.61 + 1.61g

2.0202 -1.61 = 1.61g + 14.43g

0.4102 =16.04g

g = 0.025573566 × 100

Growth rate  = 2.56%

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Answers

In order to help thestudent expand his/her knowledge I will help answer the question. This in hopethat the student will get a piece of knowledge that will help him/her throughhis/her homework or future tests.

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I hope it helps,Regards.   

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