In cardinal utility analysis A. it is recognized that numbers can not be assigned to utility. B. the concept of marginal utility exists while in ordinal utility analysis marginal utility does not exist. C. numbers can be assigned to utility. D. marginal utility always increases as more of a good is consumed.
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Home » Business » In cardinal utility analysis A. it is recognized that numbers can not be assigned to utility. B. the concept of marginal utility exists while in ordinal utility analysis marginal utility does not exist. C. numbers can be assigned to utility. D.