Economy, asked by sahap2156, 8 months ago

what is cardinal utility analysis

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Answered by Anonymous

Cardinal utility refers to the satisfaction that can be measured number whereas Ordinal utility refers to the satisfaction that can not measure by number.

Cardinal utility concept was used by Marshal whereas Ordinal utility concept was used by JR Hicks.

Cardinal utility is less realistic whereas Ordinal utility is more realistic .

Answered by yandapallydurgareddy

Explanation:

utility is measurable in utils

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what is cardinal utility analysis​

Answers

what is cardinal utility analysis