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“Utility or satisfaction is a subjective concept; therefore it could only beranked”. The statement supports

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Question:

“Utility or satisfaction is a subjective concept; therefore it could only beranked”. The statement supports

A.

cardinal utility theorist

B.

ordinal utility theorist

C.

behavioral theorist of the firm

D.

none of the above

Answer» b. ordinal utility theorist

Note: The above multiple-choice question is for all general and Competitive Exams in India.