Question

1. In which analysis can utility be measured in definite numbers such as 1, 2, 3, 4, etc.?
(a) Cardinal utility analysis
(b) Ordinal utility analysis
(c) Both (a) and (b)
(d) None of these​

Answer 1

Answer:

In cardinal utility analysis, utility can be measured in terms of cardinal numbers i.e. 1,2,3,4, etc. Cardinality means that utility can be measured.

Answer 2

Answer:

In Cardinal Utility Analysis utility can be measured in definite numbers such as 1,2,3,4 ,etc.