What is the differce between cardinal …
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Posted by Kamna Saini 7 years ago
- 2 answers
Yogita Ingle 7 years ago
| Cardinal Utility | Ordinal Utility |
| It assumes that the satisfaction can be measured & expressed in cardinal i.e. countable numbers. | It assumes that satisfaction cannot be measured in numbers but things can be arranged in the order of our preference. |
| Ram yields 60 utils of satisfaction from pizza and 40 utils from a burger. | Ram yields more satisfaction from Pizzas in comparison to burger. |
| It says that ‘Utility’ is measured in ‘utils’ | It says that ‘Utility’ is rank based on “satisfaction” |
| It is less realistic. | It is more realistic. |
| This concept was used by Prof. Marshall | This concept was used by Prof. J R Hicks |
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Kamna Saini 7 years ago
1Thank You