Question

what is ordinal measurement of utility?

Answer 1

Answer:

In economics, an ordinal utility function is a function representing the preferences of an agent on an ordinal scale. Ordinal utility theory claims that it is only meaningful to ask which option is better than the other, but it is meaningless to ask how much better it is or how good it is.

Answer 2

Answer:

In economics, an ordinal utility function is a function representing the preferences of an agent on an ordinal scale. Ordinal utility theory claims that it is only meaningful to ask which option is better than the other, but it is meaningless to ask how much better it is or how good it is.

Explanation:

Hope this answer is helpful for you.

Thank you

PLEASE MARK ME BRAINLIEST

AND, PLEASE FOLLOW ME..