Economy, asked by ramsachin1215420, 6 months ago

2.Which of the following utility approach is based on the theory of Alfred Marshall? ​

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Answered by yria9936
4

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Answer:In Marshall's theory, the concept of utility is cardinal. The price that a consumer is willing to pay for a good is an indication of the utility of that good to the consumer. Total utility is the sum of the utility, which a consumer derives from the consumption of the different units of a good.

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