Question

In your opinion, which is better Cardinal or Ordinal? And why?

Answer 1

Answer:

Cardinal utility measures the utility objectively, whereas there is a subjective measurement of ordinal utility. Cardinal utility is less realistic, as quantitative measurement of utility is not possible. On the other end, the ordinal utility is more realistic as it relies on qualitative measuremen

Explanation:

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Answer 2

Answer:

Cardinal utility measures the utility objectively, whereas there is a subjective measurement of ordinal utility. Cardinal utility is less realistic, as quantitative measurement of utility is not possible. On the other end, the ordinal utility is more realistic as it relies on qualitative measurement.

Explanation:

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