Economics · Consumer Behaviour
Which of the following statements is/are correct regarding Cardinal Utility Analysis? (A) The marginal utility diminishes with an increase in the consumption of a commodity. (B) Marginal utility can never be negative.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Only (A) is correct✓
- 2Only (B) is correct
- 3Both (A) and (B) are correct
- 4Both (A) and (B) are incorrect
Correct answer
Only (A) is correct
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