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One of these is not an assumption of the cardinalist theory of utility?
Classroom
Economics Classroom
Jamb
Jamb 2019
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One of these is not an assumption of the cardinalist theory of utility?
SchoolNGR Classroom
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
A
The consumer is rational
B
Diminishing marginal utility
C
The concept of money utility
D
Consistency and transivity of choice
Show Answer
Show Explanation
Correct Answer:
Option D
Explanation:
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