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ECONOMICS

JAMB 2013 - Question 11

Economics 2013 JAMB Past Questions - Question 11: One of the assumptions of the cardinalist approach is

Choose the most appropriate option for the gap .

One of the assumptions of the cardinalist approach is

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

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ECONOMICS

Economics 2013 JAMB Past Questions - Question 11: One of the assumptions of the cardinalist approach is

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Correct Answer

Explanation