What is the difference between ordinal and cardinal utility?

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Economics An Introduction To Traditional And Progressive Views

ISBN: 9780765616685

7th Edition

Authors: Howard J. Sherman, E. K. Hunt, Reynold F. Nesiba, Phillip A. O'Hara, Barbara A. Wiens-Tuers

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Question Posted: Nov 08, 2023 09:01 PM

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What is the difference between ordinal and cardinal utility?

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Cardinal utility and ordinal utility are two different approaches to understanding and measuring consumer preferences Cardinal utility is the idea tha...View the full answer

Economics An Introduction To Traditional And Progressive Views

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