Economy, asked by aishwaryapillay990, 6 months ago

Cardinal utility is coined by - *

Answers

Answered by govardhanreddy627

Explanation:

It was Alfred Marshall who first discussed the role played by the theory of utility in the theory of value. 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.

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