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Question
Marshall assumes _________ measurement of utility.
Marshall assumes _________ measurement of utility.
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Solution
The correct option is A cardinal
Marshall's utility analysis is based on the some assumptions. For instance, Marshall assumes that utility derived from the consumption of any commodity can be measured in cardinal numbers, which is unrealistic in nature. But, in modern economists like J. R. HIcks and R. G. D. Allen have suggested that being a psychological concept , it can never be measured in cardinal numbers.
Marshall's utility analysis is based on the some assumptions. For instance, Marshall assumes that utility derived from the consumption of any commodity can be measured in cardinal numbers, which is unrealistic in nature. But, in modern economists like J. R. HIcks and R. G. D. Allen have suggested that being a psychological concept , it can never be measured in cardinal numbers.
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