Economics · Consumer Behaviour

__________ utility means that an individual can attach specific values or numbers of utils from consuming each quantity of a good or basket of goods.

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1Ordinal
2Marginal
3Cardinal✓
4Equi-marginal

Correct answer

Cardinal

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__________ utility means that an individual can attach specific values or numbers of utils from consuming each quantity of a good or basket of goods.

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__________ utility means that an individual can attach specific values or numbers of utils from consuming each quantity of a good or basket of goods.

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