Davidt or anyone else versed in Economics

kairo

Moderator
Staff member
I need to know what cardinal theory is. How it works and what it measures. Any help would be grand, as it's not in my econ book
 

Sauce

Active member
ahhh yes, cardinal utility theory...here is the definition I have, let me know if you need any more info, I will dig deeper if you want me to :D
Cardinal utility theory justifies the downward sloping demand curve, is based on the assumption that utility can be quantified, and measures utility in terms of utils
 

kairo

Moderator
Staff member
yup, that be calculus my friend. The one that kills me is the calc for pure oligopolies facing a kinked demand curve
 
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