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Which of the following is not an assumption of ordinal utility-(Answered)

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Question

Which of the following is not an assumption of ordinal utility analysis?

a) Consumers are consistent in their preference.

b) Consumers can measure the total utility received from any given basket of good.

c) Consumers are non-satiated with respect to the goods they confront.

d) All are necessary.
e) None of the above.

 

Paper#9209085 | Written in 27-Jul-2016

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