Economy, asked by hemadhasai, 1 year ago

Utility is utility expressed in ranks​

Answers

Answered by bharu15
0

yes mate

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Answered by c9591122207
1

Explanation:

I t' s difficult to measure a qualitative concept such as utlilty.,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.

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