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A utility function describing by how much one market basket is preferred to another is called: Question 14 options: A) a cardinal utility function. B)

A utility function describing by how much one market basket is preferred to another is called: Question 14 options: A) a cardinal utility function. B) an ordinal utility function. C) either an ordinal or a cardinal function. Both types of functions use this ranking. D) neither an ordinal nor a cardinal function. Neither type uses this ranking

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