In economics, please give 5 reasons why scale of preference is necessary.

See explanation

Explanation:

Scale of preference simply refers to how individuals list their wants in order of importance. The importance of the scale of preference include:

1. Scale of preference allows economic agents rank their wants based on how it's important to them.

2. It enables economic agents like individual and firms get maximum satisfaction that's utility with the scarce resources.

3. It brings about efficient utilization of the resources that are available.

4. It allows us make rational choice.

5. Scale of preference shows our wants and needs and allows us plan effectively in order to achieve them.

x=3

step-by-step explanation:

this is really simple i saw that there was only one term (5x) and thought if that was 15 what would i have to multiply everything else to get it there? well if 5x became 15 then x would have to be 3 so plug the 3 in the x for the other equations and you get 15 for the other ones. so there you go. : )

income statement is prepared in order to show the profits and loss of a business. in order to prepare the income statement she should collect all the income and expenses of the product with the cost of production.