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प्रश्न
Which of the following is an assumption of the cardinal approach?
पर्याय
Consumers behave irrationally
Utility cannot be measured
Marginal utility of money is constant
Income is always increasing
MCQ
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उत्तर
Marginal utility of money is constant
Explanation:
The cardinal approach assumes that the marginal utility of money stays the same while analysing consumer choices.
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