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Theory of consumer behaviour — Economics STD 12 Humanities & Commerce — Question

Rajasthan BoardEnglish MediumSTD 12 Humanities & CommerceEconomicsTheory of consumer behaviour1 Mark
Question
In Marginal utility theory, utility is:
  1. An ordinal concept.
  2. A cardinal concept.
  3. Both ordinal and cardinal concept.
  4. None of the above.
✓

Answer

  1. A cardinal concept.

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