The Cardinalist school asserts that utility can be measured and quantified. It means, it is possible to express utility that an individual derives from consuming a unit of good.
The cardinalist school or the marginalist approach is based on the arguement that the satisfaction derived from the consumption of any commodity by a consumer can be measured in specific units of utility called as utils
illustrate and explain e the consumer equilibrium ender cardinalist and ordinalist?
In the cardinalist approach in consumer behavior, one assumption is that consumers can rank their preferences for different goods and services. Another assumption is that consumers make rational and consistent choices based on these preferences. Additionally, this approach assumes that consumer utility can be measured numerically and compared across different choices.
In consumer behavior, the satisfaction that consumers get by consuming commodities is utility. A cardinalist thinks that utility can be measured, quantified, and expressed in quantitative terms. An ordinalist thinks that you cannot measure utility in quantitative terms.
It is a scientific theory
Theory of law. Theory of the climate. Theory of lax. Theory of vandals. Newtons's theory of mass.
Theory-practice-theory take existing theory in education, apply to distance learning, develop new theory Practice-research-theory see what is happening in distance learning, submit to research, develop theory from results Theory-theory-research/practice build on an initial theory to develop a second theory, then apply and test it
Indiana is a lien theory state.Indiana is a lien theory state.Indiana is a lien theory state.Indiana is a lien theory state.
A common theory is a theory which has not been proven or a theory without evidence.
the divine right theory
Novanet: THEORY