Ordinal utility gives us information about which basket the consumer prefers and quantitative information about the intensity of the preference.
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Q38: Which of the following statements is false?
A)Total
Q39: If indifference curves are upward sloping, this
Q40: The principle of diminishing marginal utility implies:
A)indifference
Q41: If a consumer's preferences are quasi-linear, then
Q42: Consider the utility function
Q44: Which of the following utility functions
Q45: Which of the following utility functions
Q46: Which of the following utility functions
Q47: Two goods are perfect substitutes. The marginal
Q48: Which of the following utility functions
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