To understand consumer behavior and how consumer decisions are made, it is necessary and/or sufficient to work with:
A) cardinal utility functions only.
B) ordinal utility functions only.
C) both cardinal and ordinal utility functions.
D) either ordinal or cardinal functions, but not both.

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The Answer of To understand consumer behavior and how consumer decisions are made, it is necessary and/or sufficient to work with:
A) cardinal utility functions only.
B) ordinal utility functions only.
C) both cardinal and ordinal utility functions.
D) either ordinal or cardinal functions, but not both.

To Understand Consumer Behavior and How Consumer Decisions Are Made