Economy, asked by Nazmul3352, 10 months ago

What is meant by cardinal measurability utility?

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Answered by rohitkumar25252
4

Answer:

Definition: The Cardinal Utility approach is propounded by neo-classical economists, who believe that utility is measurable, and the customer can express his satisfaction in cardinal or quantitative numbers, such as 1,2,3, and so on. ... Here, one Util is equivalent to one rupee and the utility of money remains constant.

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