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Cardinal & Ordinal Measurement & Cardinal Approach

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1. Cardinal & ordinal measurement in shortcoming of Ic curve
2. optimum level of consumption in cardinal Approach.

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  • 4401-q.doc
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Jiong Tu, PhD (IP)

Rating 4.8/5

Active since 2003

BA, Shanghai International Studies University
MA, Lakehead University
PhD (IP), McMaster University

Responses 2869

Comments on Jiong's work:

"can you please resubmit in word doc attachment.Thank you"

"Thank you Professor"

"Makes way more sense! Thank you."

"great work, thanks."

"On problem 2 Quigley Inc the five choses are A 3.83% B 4.02% C4.22% D 4.43% E 4.65% I tried to figure it out but couldn't get it Please help me out"


Extracted Content from Question Files:

  • 4401-q.doc

Q.01
Differentiate between Cardinal and Ordinal measurement of
utility. Explain also the shortcomings of Indifference curve
analysis briefly?

Q.02
How can consumer attain optimum level of consumption in Cardinal
Approach in case of:

a. One good consumed.
b. More than one good consumed.

02