help out 12 2. t- 11tlque and Alternative st. Length: 2:00:00 Adwan Adwani: Atte

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12 2. t- 11tlque and Alternative st. Length: 2:00:00 Adwan Adwani: Attempt 2 Questions The utility a consumer assigns to a product is objective and, therefore quantifiable. 0 of 5 questions saved Page 1: The utility that a consumer assigns to a product is subjective, and is, therefore, 1. Exploitation not directly quantifiable 2. Cardinal utility The availability of Legend functionings coupled with the ability of the individual to achieve a combination of functionings 3. Ordinal utility a Saved Response 4. Capability Info Item Producers receive compensation that is less than the value of what they contributed to the production process Quíz Started 6

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Under cardinal utility approch, utility is measurable and can be expressed by customers in quantitive numbers.

As per ordinal utility, consumer satisfaction from consumption of a product can not be measured numerically.

capability means the ability

Exploitation means taking unfair advantage and benefiting from their work.

The utility a consumer assigns to a product is objective and therefore,quantifiable. Cardinal Utility The utility a consumer assigns to a product is subjective and therefore, not quantifiable. Ordinal Utility The availability of functionings coupled with the ability of the individual to achieve a combination of functionings Capability Producers receive compensation that is less than the value of what they contributed to the production process Exploitation

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