Assumption of Ordinal Utility.
1.Rationality
2.Utility is Ordinal
3.Diminishing Marginal Rate Of Substitute
4.Total Utility
5.Cinsistency And Transitivity.
1.Rationality
2.Utility is Ordinal
3.Diminishing Marginal Rate Of Substitute
4.Total Utility
5.Cinsistency And Transitivity.
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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