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3 what do you mean cordinal of proach
Din Cardinal approche
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Cardinal Utility is the idea that economic welfare can be directly observable and be given a value. For example, people may be able to express the utility that consumption gives for certain goods. ... In other words, the value of cardinal utility is related to the price we are willing to pay.
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The Cardinal approach to Consumer Equilibrium posits that the consumer reaches his equilibrium when he derives the maximum satisfaction for given resources (money) and other conditions. Therefore, the consumer is said to be in equilibrium. ...
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