Solved

"Utility or Satisfaction Is a Subjective Concept; Therefore It Could

Question 12

Multiple Choice

"Utility or satisfaction is a subjective concept; therefore it could only be ranked". The statement supports

A) cardinal utility theorist
B) ordinal utility theorist
C) behavioral theorist of the firm
D) none of the above

Related Questions

Q7: Which of the following statement is TRUE

Q8: According to Marshall, The law of diminishing

Q9: If both the products X & Y

Q10: A production possibility curve is concave to

Q11: Indifference curve is always A)concave to the origin B)convex

Q13: Inferior goods are the goods with A)falling income

Q14: The basic doctrine of consumers surplus is

Q15: If negative income effect is less than

Q16: The deductive method is also called A)abstract B)analytical C)priori method D)all

Q17: Price effect is A)income effect - substitution effect B)substitution