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Under Marginal utility analysis utility is assumed to be a

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Under Marginal utility analysis, utility is assumed to be a

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Correct Answer: Option A
Under Marginal utility analysis, utility is assumed to be a Cardinal concept. The Cardinal Utility approach is propounded by neo-classical economists, who believe that utility is measurable, and the customer can express his satisfaction in cardinal or quantitative numbers, such as 1,2,3, and so on.
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