Which of the following ranking systems best describes consumer preferences within a utility function? A. Util B.
Question:
Which of the following ranking systems best describes consumer preferences within a utility function?
A. Util
B. Ordinal
C. Cardinal
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Answer B Ordinal In consumer theory the ranking systems that describe consumer preferences within a ...View the full answer
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Related Book For
Economics For Investment Decision Makers
ISBN: 9781118111963
1st Edition
Authors: Sandeep Singh, Christopher D Piros, Jerald E Pinto
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