Answer to Question #108503 in Microeconomics for hissa

Question #108503
choose
The uniqueness of utility up to a monotonic transformation, it confirms that
a. There is one utility function that can be used to represent the preference ordering.
b. Any preference ordering can be presented by many utility functions.
c. There is no utility function that can be used to represent the preference ordering.
d. Nothing mentioned above.
1
Expert's answer
2020-04-09T08:32:17-0400

b. Any preference ordering can be presented by many utility functions.


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