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Home › CBSE Class 11 (Arts) › Economics › Microeconomics: Consumer's Equilibrium and Demand › Ordinal utility tells us only the

Ordinal utility tells us only the

Aexact size of satisfaction
Bmoney value of a bundle
Cranking of bundles
Dprice of each good
Answer & Solution
Correct answer: C. ranking of bundles
Ordinal utility gives only the order of preference, not how much more one bundle is liked.
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