Assumption of Cardinal Utility
1.Rationality
2.Cardinal Utility
3.Constant marginal Utility of Money
4.Diminishing Marginal Utility
5.Total Utility
1.Rationality
2.Cardinal Utility
3.Constant marginal Utility of Money
4.Diminishing Marginal Utility
5.Total Utility
What is inflation?? Inflation refers to the increase in the general price level of an economy over a period of time.A rise in the price leve...
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