Placing a numerical value on the consumption of a piece of apple pie is an example of:

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a. normative economics

b. cardinal utility

c. ordinal utility

d. positive economics

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Principles Of Agricultural Economics

ISBN: 9780415540704

1st Edition

Authors: Andrew Barkley, Paul W. Barkley

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Question Posted: Apr 17, 2024 08:01 AM

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Placing a numerical value on the consumption of a piece of apple pie is an example of:

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The correct answer is b cardinal utility Cardinal utility refers to assigning numer...View the full answer

Principles Of Agricultural Economics

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