Ordinal utility analysis is otherwise known as
A)gossens second law
B)cardinality approach
C)indifference curve analysis
D)rationality approach

Name: Ordinal utility analysis is otherwise known as A)gossens second law B)cardinality approach C)indifference curve analysis D)rationality approach
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Question

Quizplus · Accepted Answer

Indifference curve analysis is synonymous with ordinal utility analysis because it ranks preferences in order without assigning specific numerical values to levels of satisfaction.

Ordinal Utility Analysis Is Otherwise Known as