Question 59
MediumOriginal questionThe ordinal approach to consumer's equilibrium differs from the cardinal approach because it
Show the answer and explanation
CorrectNot quiteAnswer A
Correct answer: A
Explanation
Indifference-curve analysis needs only to know which bundle is preferred, not by how many utils.
- Concept
- Ordinal versus cardinal
- Typical timeTypical
- 70 s
- Your timeYours
- —
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