Which of the following ranking systems best describes consumer preferences within a utility function? A. Util B.

Question:

Which of the following ranking systems best describes consumer preferences within a utility function?

A. Util 

B. Ordinal 

C. Cardinal

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  answer-question

Economics For Investment Decision Makers

ISBN: 9781118111963

1st Edition

Authors: Sandeep Singh, Christopher D Piros, Jerald E Pinto

Question Posted: