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Question

Who is the main propounder of the marginal utility analysis?

A
Paul Samuelson
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B
Hicks
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C
J.M. Keynes
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D
Marshall
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Solution

The correct option is D Marshall
Alfred Marshall was a British economist who proposed the concept of utility analysis. Utility analysis explains when the consumer's satisfaction will be maximized with the given resources, income and prices of the goods and services.

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