0
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
Wiki User
∙ 12y ago
Add your answer:
Earn +20 pts
What is consumer equilibrium under cardinal approach?
illustrate and explain e the consumer equilibrium ender cardinalist and ordinalist?
What is cardinalist school of thought?
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.
What are the 3 approaches of GNP?
expenditures approach, income approach, industrial origin approach, value added approach
What is interpretive approach?
Interpretive approach is an approach someone uses when they are doing research.
What does the word approach mean?
The runway approach was covered with fog.I didn't know how to approach my teacher about my homework.The approach you take varies in every situation.
What is consumer equilibrium under cardinal approach?
illustrate and explain e the consumer equilibrium ender cardinalist and ordinalist?
What is difference between ordinal approach and cardinal approach?
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.
What is cardinalist school of thought?
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 two shock boundaries are?
Limited Approach and Restricted Approach
What is a verb for approach?
approach
What is the tagalog word for approach?
The Tagalog word for "approach" is "lapit" or "paraan."
What are the 3 approaches of GNP?
expenditures approach, income approach, industrial origin approach, value added approach
What is the difference between traditional and modern approach to the study of Political science?
The traditional approach to political science focuses on studying political institutions, theories, and historical developments. In contrast, the modern approach incorporates interdisciplinary perspectives, such as sociology, psychology, and economics, to analyze political behavior, power dynamics, and global governance. The modern approach is more dynamic and inclusive, reflecting the changing nature of politics in the contemporary world.
What is the 'scientific approach' as defined by Giddens?
Anthony Giddens defines the scientific approach as the use of systematic empirical research methods to generate knowledge about the social world. It involves the application of logic, observation, and experimentation to understand patterns in social behavior and phenomena. Giddens emphasizes the importance of using evidence-based methods to develop theories and test hypotheses about social life.
Define cardinal approach?
The cardinal approach in a careful approach that states that utility is measurable. The ordinal approach disagrees with this theory.
The weighted scoring approach avoid the drawbacks of the NPV approach?
The weighted scoring approach avoid the drawbacks of the NPV approach?
What is interpretive approach?
Interpretive approach is an approach someone uses when they are doing research.
