JAMB Economics 2009 Objective — Question 10

Question 10 of 50 from the Joint Admissions and Matriculation Board (JAMB) Economics 2009 Objective paper, with the correct answer and a full explanation.

A major assumption in cardinal utility theory is that

A. utility is measurableCorrect
B. utility is not measurable
C. total utility equals marginal utility
D. total utility is constant

Explanation

The major assumption of the cardinalists is that utility can be measured numerically.

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