From the modern "ordinalist" perspective,the scale used to measure utility
A) Provides an absolute measure of human well-being
B) Is completely arbitrary
C) Summarizes information about the intensity of preferences
D) Is the same for each consumer

Question

Quizplus · Accepted Answer

The modern "ordinalist" perspective views utility scales as arbitrary, meaning they are used to rank preferences rather than measure them in absolute terms. This approach contrasts with the "cardinalist" perspective, which treats utility as a measurable quantity reflecting the intensity of preferences.

From the Modern "Ordinalist" Perspective,the Scale Used to Measure Utility