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WHAT IS YOU REFLECTION OR LEARNINGS ABOUT THESE THINGS? Maximizing Utility Utility values can be determined by an individual ranking his/her preferences from least preferred

WHAT IS YOU REFLECTION OR LEARNINGS ABOUT THESE THINGS?

Maximizing Utility

Utility values can be determined by an individual ranking his/her preferences from least preferred to most preferred.The resulting ranking or utility values are subjective or individual.They are also ordinal rather than cardinal.Ordinal means that the utility values simply define a ranking of preferences rather than an actual cardinal measurement.

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