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Other Fields Homework Help Economics Topic started by: emyleepatton on Mar 16, 2019



Title: We do not need to actually measure the level of satisfaction derived by a consumer from the ...
Post by: emyleepatton on Mar 16, 2019

We do not need to actually measure the level of satisfaction derived by a consumer from the consumption of goods. We only need a ranking among the alternative consumption bundles. Thus utility is a(n) ________ concept.



• Cardinal

• Ordinal

• Mathematical

• None of these


Title: We do not need to actually measure the level of satisfaction derived by a consumer from the ...
Post by: rinderbik on Mar 16, 2019
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