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IBM M2065-647 Exam (IBM Intelligent Operations Center-Water & Transportation Sales Mastery Test ) Detailed Information
M2065-647 Test Information / Examination Information
Number of questions : 44 Time allowed in minutes: 75 Required passing score : 75% Languages : English
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How would you answer this question from a tradition microeconomics examination?right here's the style i'd see it :
Let's trust the only two states of nature P(i) with i = 0,1 where P(0) capacity that the public good isn't produced, and P(1) that it's.
consequently, the internet advantage (as hostile to total benefit that you simply appear to confound) can both be :
0, if P(0) occurs
+400, if P(1) occurs
(notice : internet merits = total benefits - total cost = 1600 - 1200)
As you tell, we can deduct from the particular person advantages that the venture should be approved with the aid of the majority (2 out of 3).
therefore, under the normal assumption of a cardinal utility measure*, we will verify that complete utility is maximised. (be aware, there are only two states of nature.)
Hope this helps !
*certainly, this answer can most effective be genuine if 1) utility features are positively influenced via individual benefits 2) utilities can also be additioned.
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