Why are exact utility figures in marginal utility theory only notional?
A
Utility can always be measured in cardinal units.
B
Utility is measured in physical units.
C
Utility is measured in monetary units.
D
Utility cannot really be measured in cardinal units.
7.1.5 limitations of marginal utility theory and its assumptions of rational behaviour Flashcards
22 flashcards on CIE Intl A Level Economics 7.1.5 limitations of marginal utility theory and its assumptions of rational behaviour: the key terms and definitions you need to recall.