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The Ordinalist Approach Of Utility Postulated That Utility Can Be? - Erudites Academy
Economics JAMB

The ordinalist approach of utility postulated that utility can be?
The ordinalist approach of utility postulated that utility can be?The ordinalist approach of utility postulated that utility can be?

A. Rank
B. Measurable
C. Rise
D. Fall

Correct Answer:

Option A – Rank

Explanation

The ordinalist approach explains that an individual can rank boundless of goods in order of preference with regard to the satisfaction they give him or her. Ordinalist approach is explained by means of different curves and budget lines.

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