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Henry works 40 hours per week and earns $600. he would prefer to work 36 hours per week and earn $540. which of the following
Henry works 40 hours per week and earns $600. he would prefer to work 36 hours per week and earn $540. which of the following defines his situation?
(a) He is maximizing his cardinal but not his ordinal utility.
(b) He is presently maximizing his ordinal utility but not his cardinal utility.
(c) He is maximizing neither his ordinal or cardinal utility.
(d) He is maximizing both his ordinal and cardinal utility.
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