Cardinal vs Ordinal Utility Quiz

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Test your grasp of utility concepts.

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Nikita Shinde

India

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Froggy Jumps Cardinal vs Ordinal Utility QuizVersión en línea Test your grasp of utility concepts. por Nikita Shinde 1 What does ordinal utility measure? a Monetary value of goods b Exact satisfaction levels c Ranking of preferences 2 Which statement describes cardinal utility? a Measurable satisfaction in units b Only cares about order of goods c Cannot be measured 3 Which is true about ordinal utility? a Only the order of preferences matters b Magnitude of satisfaction matters c It uses cardinal numbers 4 Which concept assumes fixed numerical units of satisfaction? a Axiomatic utility b Cardinal utility c Ordinal utility 5 Indifference curves are rooted in which utility concept? a Cardinal utility b Marginal utility c Ordinal utility 6 If a consumer prefers A over B over C, this reflects: a Exact utility values b Ordinal ranking of preferences c Cardinal intensity of satisfaction 7 Marginal rate of substitution is key in: a Ordinal utility theory b Total utility theory c Cardinal utility theory 8 Which utility concept can use numerical scales like utils? a Satiation utility b Ordinal utility c Cardinal utility 9 Which assumption is necessary for cardinal utility? a Only ordering matters b Preferences are random c Satisfaction can be measured numerically 10 Under which utility concept can you say A > B without knowing how much more? a Ordinal utility b Cardinal utility c Total utility

Froggy Jumps

Cardinal vs Ordinal Utility QuizVersión en línea

Test your grasp of utility concepts.

por Nikita Shinde

What does ordinal utility measure?

Monetary value of goods

Exact satisfaction levels

Ranking of preferences

Which statement describes cardinal utility?

Measurable satisfaction in units

Only cares about order of goods

Cannot be measured

Which is true about ordinal utility?

Only the order of preferences matters

Magnitude of satisfaction matters

It uses cardinal numbers

Which concept assumes fixed numerical units of satisfaction?

Axiomatic utility

Cardinal utility

Ordinal utility

Indifference curves are rooted in which utility concept?

Cardinal utility

Marginal utility

Ordinal utility

If a consumer prefers A over B over C, this reflects:

Exact utility values

Ordinal ranking of preferences

Cardinal intensity of satisfaction

Marginal rate of substitution is key in:

Ordinal utility theory

Total utility theory

Cardinal utility theory

Which utility concept can use numerical scales like utils?

Satiation utility

Ordinal utility

Cardinal utility

Which assumption is necessary for cardinal utility?

Only ordering matters

Preferences are random

Satisfaction can be measured numerically

Under which utility concept can you say A > B without knowing how much more?

Ordinal utility

Cardinal utility

Total utility

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Cardinal vs Ordinal Utility Quiz

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Cardinal vs Ordinal Utility QuizVersión en línea

por Nikita Shinde

What does ordinal utility measure?

Which statement describes cardinal utility?

Which is true about ordinal utility?

Which concept assumes fixed numerical units of satisfaction?

Indifference curves are rooted in which utility concept?

If a consumer prefers A over B over C, this reflects:

Marginal rate of substitution is key in:

Which utility concept can use numerical scales like utils?

Which assumption is necessary for cardinal utility?

Under which utility concept can you say A > B without knowing how much more?

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