cardinal utility
[/ˈkɑːrdɪnəl juːˈtɪləti/]
nounpl: cardinal utilities
utilidade cardinal
1. An economic concept that assumes utility can be measured in absolute, quantifiable terms and that consumers can assign numerical values to the satisfaction derived from consuming goods or services
The theory of cardinal utility suggests that a consumer can rate their satisfaction with a product on a scale from 1 to 10.
A teoria da utilidade cardinal sugere que um consumidor pode avaliar sua satisfação com um produto em uma escala de 1 a 10.
2. In microeconomics, the measurable and comparable satisfaction or benefit obtained from consuming different quantities of a good, allowing for interpersonal utility comparisons
Cardinal utility assumes that the utility gained from eating one apple is exactly twice that of eating half an apple.
A utilidade cardinal assume que a utilidade obtida ao comer uma maçã é exatamente o dobro da obtida ao comer meia maçã.
Cardinal utility is a foundational concept in neoclassical economics, though it has been largely replaced by ordinal utility theory in modern economic analysis. The term is widely taught in economics programs in both Brazil and Portugal, and remains important for historical understanding of economic theory. In the USA, it continues to be taught as a historical framework before introducing ordinal utility concepts.
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