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Question 25

One of the assumptions of ordinary utility theory is that

  • A. Choice is not consistent
  • B. Utility can be ranked
  • C. Total utility is a function of price
  • D. Satisfaction is measurable
Objective

Question details

Exam body
BUK
Subject
Economics
Year
2017/2018
Question no.
#25
Type
Objective
Previous · Q24If the price of a commodity with elastic demand increases, the revenue accruing… Next · Q26 The law of diminishing marginal utility explains why

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