Question

definition of cardinal utility​

Answer 1

cardinal utility function or scale is a utility index that preserves preference orderings uniquely up to positive affine transformations

Answer 2

Answer:

Cardinal Utility is the idea that economic welfare can be directly observable and be given a value.Cardinal utility gives a value of utility to different options. Ordinal utility just ranks in terms of preference.

For example, people may be able to express the utility that consumption gives for certain goods.

Explanation:

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