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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?
to what extent is ordinal utility approach and improvement cardinal in explaining consumer behaviour in economics
When we can not measure in terms of money but we can measure of lavel of satisfaction then it is called cardinal approach
Please tell me cont ributors of various group of organizational behavior
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?
"Our shortcomings were inherent in our approach"
cost
productivity approach to the study of organizational behaviour
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.
The cognitive approach is a psychological perspective that focuses on how people think, perceive, remember, and solve problems. It emphasizes internal mental processes and structures, such as attention, memory, language, and problem-solving, in understanding human behavior. Cognitive psychologists use experiments and research methods to study how individuals acquire, interpret, and use information.
Managing the behaviour using a cognitive approach.
to what extent is ordinal utility approach and improvement cardinal in explaining consumer behaviour in economics
When we can not measure in terms of money but we can measure of lavel of satisfaction then it is called cardinal approach
This approach suggests that observable behaviour should be the focus of study.
Scheduling, identifying what done differently, identifying successes and shortcomings, and involiving key mbrs.