Content How Can Ordinary Investors Start Trading Oil? About MarketBeat Researching Oil Investments S&P 500 Index: Track S&P News, Stocks To Watch And SPDR ETFs EOG Resources Different Types of Oil and Gas Investment Companies Oil stocks contain less risk than trying to buy and sell oil on the options or futures markets. And most […]

According to Hicks, utility cannot be measured cardinally because utility which a commodity possesses is subjective and psychological. He, therefore, rejects the quantitative measurement of utility and measures utility ordinally in terms of the indifference curve technique. Total utility is the complete level of satisfaction or value that a person receives from consuming a specific […]