Lesly What Revealed Preference in Economics Shows. What does revealed preference theory based on a utility and demand? Revealed preference theory is a theory of consumer behavior that posits that consumers will make choices that reveal their preferences. The theory is based on the idea that consumers have a utility function that they maximize, and that … Read more
A cult stock is a stock that has a strong and loyal following among investors, and is often associated with a particular company or brand. These stocks are typically seen as having high potential for growth, and investors may be willing to pay a premium for them. While there is no formal definition of a … Read more
What Is an Accrued Liability and How Does It Work? Are accruals assets or liabilities? Accruals are assets or liabilities that arise from events that have occurred but have not yet been recorded in the financial statements. For example, if a company has provided a service but has not yet invoiced the customer, the company … Read more
