What is the principal limitation of utility analysis related to basic assumption that utility anbe express in term of?
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Heya....
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Utility analysis given by Cardinal ...
It tells that utility can be measure in terms of units like 1,2,3..utiles...
√ But it has a basic limitation that Utility can't be express in utiles or numbers...
√ We can't think that one cup of tea gives us 3 utiles satisfaction and one cup of coffee gives 4 utiles of satisfaction.
√ But only can say we like coffee more in compare to tea...
-- Be Brainly...
See her for your answer....
°=========
Utility analysis given by Cardinal ...
It tells that utility can be measure in terms of units like 1,2,3..utiles...
√ But it has a basic limitation that Utility can't be express in utiles or numbers...
√ We can't think that one cup of tea gives us 3 utiles satisfaction and one cup of coffee gives 4 utiles of satisfaction.
√ But only can say we like coffee more in compare to tea...
-- Be Brainly...
Answered by
38
It tells that utility can be measure in terms of units like 1,2,3..utiles...
1. But it has a basic limitation that Utility can't be express in utiles or numbers...
2.. We can't think that one cup of tea gives us 3 utiles satisfaction and one cup of coffee gives 4 utiles of satisfaction.
3... But only can say we like coffee more in compare to tea...
hope it helps you. . . . follow me. . . . mark as a brainlist. . . . .
1. But it has a basic limitation that Utility can't be express in utiles or numbers...
2.. We can't think that one cup of tea gives us 3 utiles satisfaction and one cup of coffee gives 4 utiles of satisfaction.
3... But only can say we like coffee more in compare to tea...
hope it helps you. . . . follow me. . . . mark as a brainlist. . . . .
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