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Nirmal tanwar Asked a Question
March 2, 2021 9:12 ampts 1 pts
Explain Cardinal approach to consumer equilibrium in detail
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  • Rucha rajesh shingvekar thankyou
    Cardinal Utility is the idea that economic welfare can be directly observable and be given a value. For example, people may be able to express the utility that consumption gives fo...
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    Nirmal tanwar
    can u explain me consumer's equilibrium -one commodity model, two commodity model, multi commodity level
  • Rucha rajesh shingvekar thankyou
    Definition: The Cardinal approach to Consumer Equilibrium posits that the consumer reaches his equilibrium when he derives the maximum satisfaction for given resources (money) and ...
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  • रौनक Best Answer
    dear student cardinal means which can be explained in mathematical units. Cardinal utility, is based on marginal utility analysis. As against this, the concept of ordinal utility i...
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    Nirmal tanwar
    thanks u mam
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