Ashenafi1 Ashenafi1
  • 14-01-2024
  • Business
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The difference between ordinal and cardinal utility

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walllaob689 walllaob689
  • 14-01-2024
Cardinal Utility is the utility where the satisfaction derived by consuming a product can be expressed numerically.

Ordinal Utility is the utility where the satisfaction derived by consuming a product cannot be expressed numerically.
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