The Marshallian utility analysis is based on a less valid assumption of :

Cardinal measurability of the utility

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Given marginal utility of money

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Diminishing marginal utility of the goods

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Additivity of the utility

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Solution

The correct option is A Given marginal utility of money
The Marshallian utility analysis is based on a less valid assumption of given marginal utility of money. This theory does not believe that utility of money does not change for a consumer.

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