English, asked by Anonymous, 3 months ago

Ques2. In
case
in
of ordinal utility
utility analysis
is
measured​

Answers

Answered by Anonymous
1

Answer:

It can't be measured in cardinal numbers .

Explanation:

In ordinal concept of utility, utility is ranked in the order of preference of the consumer. Utility cannot be measured in cardinal numbers in ordinal utility theory. Ordinality means that utility can be ranked.

HOPE IT HELPS

DO MARK AS BRAINLIST

Similar questions