metasebiyasintayew6 metasebiyasintayew6
  • 26-04-2021
  • Business
contestada

What is the basic difference between cardinal and ordinal approaches of utility?​

Respuesta :

26kmb04
26kmb04 26kmb04
  • 26-04-2021

Answer:

Cardinal utility is the utility wherein the satisfaction derived by the consumers from the consumption of good or service can be measured numerically. Ordinal utility states that the satisfaction which a consumer derives from the consumption of product or service cannot be measured numerically.

Explanation:

hope this helps you.

Answer Link

Otras preguntas

What determines the atomic number of an atom? A. the number of neutrons in two atoms of an element B. the number of electrons in the outer layer of any atom
What was the Inca practice of mitima?
what is the square root of 79
The majority of people who immigrated to America in the late 1800s and early 1900s
Which stateless nation lives on territory that is part of Iran, Iraq, and Turkey? a. the Kurds b. the Palestinians c. the Basques d. the Serbs
what is 789091 rounded to the nearest ten thousand
I have to write three examples of each region costal, desert, mountains, and valleys what are some examples?
The area of a rectangle is 36 square centimeters and its length is 9 centimeters A. What is the width of the rectangle? B. Elsa wants to draw a second rectang
what is the square root of 79
what is 32 to the power of 1/3