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One of the assumptions of ordinal utility in consumer behaviour is that
Classroom
Economics Classroom
Jamb
Jamb 2004
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One of the assumptions of ordinal utility in consumer behaviour is that
SchoolNGR Classroom
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
A
Consumers are irrational
B
Marginal utility rises continuously
C
Utility is measurable
D
Utility can only be ranked
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Correct Answer:
Option D
Explanation:
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