Which of the following
is NOT correct in the
context of Marshallian
Utility analysis?
Utility is measurable
Marginal Utility of an
additional unit falls as more of
the good is consumed
Utility is cardinal in nature
Marginal Utility of money
aries with the amount of
honey with the consumer
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Answer:
An economy is a system of making and trading things of value. It is usually divided into goods (physical things) and services (things done by people). It assumes there is medium of exchange, which in the modern world is a system of finance. This makes trade possible
Explanation:
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