UGC NET
Dolamani kishan Asked a Question
June 30, 2020 12:50 pmpts 30 pts
  • UGC NET
  • Economics

What is preferences and utility

what is preferences and utility ? what is lexiograpic ordering? what is utility function and describes about axioms of revealed preferences
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  • Harini Best Answer
    preferences- is the choice made by consumer while consuming 2 or more commodities. preferences for a commodity is made by using relative utility of that product in comparison with ...
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