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One of the assumptions of the cardinalapproach is

One of the assumptions of the cardinal approach is
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  • A Diminishing marginal rate of substitution
  • B The consistency and transitivity of choice
  • C That total utility depends on the quantity of the commodities consumed
  • D Unstable marginal utility of money
Correct Answer: Option C
Explanation:
According to the Cardinalist school, the utility/satisfaction which is derived from the consumption of a good is a function of the quantity of that good alone.

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