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    Microeconomics Study Set 49
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    Exam 3: Consumer Preferences and the Concept of Utility
  5. Question
    Ordinal Utility Gives Us Information About Which Basket the Consumer
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Ordinal Utility Gives Us Information About Which Basket the Consumer

Question 31

Question 31

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Ordinal utility gives us information about which basket the consumer prefers and quantitative information about the intensity of the preference.

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