10. Which of the following is consistent with cardinal utility? A) George's utility from knowing Janice is...
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10. |
Which of the following is consistent with cardinal utility? |
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A) |
George's utility from knowing Janice is the same as his utility from knowing his mother |
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B) |
Janice gets the same utility from going to the theatre as a movie |
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C) |
George gets the same utility from going to a baseball game as going to a hockey game |
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D) |
Janice's utility from knowing George is 2 million utils |
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Homework Answers
Cardinal utility was given by Marshall .
He believed that satisfaction can be measured in terms of Cardinal numbers like 1,2,3,4 etc .
For example 2 utils, 3 utils etc.
From the given options given above only option d measured in the number or utils of George.
Rest of the utility measured in terms of ordinal which not do not have numbers.
Answer is option D
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