WHAT IS CARDINAL UTILITY ?
Answers
Answered by
6
Answer:
In economics, a cardinal utility function or scale is a utility index that preserves preference orderings uniquely up to positive affine transformations. Wikipedia
Answered by
9
Answer:
Cardinal Utility is the idea that economic welfare can be directly observable and be given a value. For example, people may be able to express the utility that consumption gives for certain goods
Mark it as Brainliest answer
Similar questions