Q.11 Explain whether Utility is measurable?
Answers
Answered by
3
Answer:
☆ It's difficult to measure a qualitative concept such as utility, but economists try to quantify it in two different ways: cardinal utility and ordinal utility. Both of these values are imperfect, but they provide an important foundation for studying consumer choice ☆.
Explanation:
please follow me and make me as brainlist.
Similar questions