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The cardinal school of thought, primarily associated with economists like Alfred Marshall, emphasizes the quantifiable aspects of utility and welfare. It focuses on the idea that utility can be measured and compared, allowing for the analysis of consumer behavior based on cardinal utility, which suggests that the satisfaction derived from goods can be expressed in numerical terms. This contrasts with the ordinal approach, which asserts that utility can only be ranked in terms of preference without quantifying the satisfaction level. The cardinal school laid the groundwork for further developments in microeconomic theory.
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When was The Cardinal School created?
The Cardinal School was created in 1985.
What is the motto of The Cardinal School?
The motto of Cardinal Gibbons School is 'Emitte Spiritum Tuum'.
When was The Cardinal Wiseman School created?
The Cardinal Wiseman School was created in 1959.
When was Cardinal Pacelli School created?
Cardinal Pacelli School was created in 1927.
When was Cardinal Gibbons School created?
Cardinal Gibbons School was created in 1962.
When was Cardinal Griffin Catholic High School created?
Cardinal Langley Roman Catholic High School was created in 1959.
When was Cardinal McCarrick High School created?
Cardinal McCarrick High School was created in 1885.
When was Cardinal O'Hara High School created?
Cardinal O'Hara High School was created in 1963.
When was Cardinal Dougherty High School created?
Cardinal Dougherty High School was created in 1956.
When was Cardinal Vaughan Memorial School created?
Cardinal Vaughan Memorial School was created in 1914.
When was Cardinal Leger Secondary School created?
Cardinal Leger Secondary School was created in 1978.
When was Cardinal Ritter High School created?
Cardinal Ritter High School was created in 1964.
