Marshallian theory of consumer's behaviour is based on:

CA Foundation · Business Economics · MTP · June 2024
Marshallian theory of consumer's behaviour is based on:
(A) A. Hypothesis of additive utilities.
(B) B. Hypothesis of independent utilities.
(C) C. Both (A) and (B)
(D) D. Weak ordering

Suggested Answer and Working Notes:

Correct Answer: Option (C)

C. Both (A) and (B)

Topics: Theory of Demand and Supply

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