he utility theory that describes how much of one market basket is preferred to another is called the ____________________. ordinal utility cardinal utility utility-maximizing definitive utility
he utility theory that describes how much of one market basket is preferred to another is called the ____________________. ordinal utility cardinal utility utility-maximizing definitive utility
Chapter6: Consumer Choice Theory
Section: Chapter Questions
Problem 22SQ
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The utility theory that describes how much of one market basket is preferred to another is called the ____________________.
- ordinal utility
- cardinal utility
- utility-maximizing
- definitive utility
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