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

Question 8

Question 8

True/False

Cardinal utility gives us information about which basket the consumer prefers but not about the intensity of those preferences.

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