Economics · Cardinal Utility Analysis
Which of the following is NOT an assumption of the Cardinal Utility Approach to consumer behavior?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Maximization of total utility
- 2Limited money income of the consumer
- 3Rationality of the consumer
- 4Diminishing marginal utility of money✓
Correct answer
Diminishing marginal utility of money
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