English

“Cardinality” means utility can be ______.

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Question

“Cardinality” means utility can be ______.

Options

  • Measured

  • Ranked

  • Not measured

  • None of these

MCQ
Fill in the Blanks
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Solution

“Cardinality” means utility can be Measured.

Explanation:

Cardinality refers to numerical measurement of utility. Ranking preferences without measuring their size is ordinal utility.

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Chapter 2: Consumer's Equilibrium - OBJECTIVE QUESTIONS [Page 2.48]

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Sandeep Garg Introductory Microeconomics [English] Class 11
Chapter 2 Consumer's Equilibrium
OBJECTIVE QUESTIONS | Q 24. | Page 2.48
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