Discuss the concept of Utility. How is the cardinal utility approach different from the ordinal utility approach? 

Utility refers to the satisfaction or pleasure that a consumer derives from consuming goods and services. In microeconomics, it is a central concept in understanding consumer behavior and choice. It assumes that individuals aim to maximize their utility given their _______ ____ ____ ____ ____ _______ ___ ________ _________ ______ _______ __________.
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