The ordinalist approach of utility postulated t... - JAMB Economics 2015 Question
The ordinalist approach of utility postulated that utility can be
A
Rank
B
Measurable
C
Rise
D
Fall
correct option: a
The ordinalist approach explains that an individual can rank boundless of goods in order of preference with regard to the satisfaction they give him or her. Ordinalist approach is explained by means of different curves and budget lines.
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