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Summary Cardinalist theory explained

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CARDINALIST THEORY: Cardinal utility theory Concept of utility Marginal utility Assumptions (axiom) made under cardinal approach Derivation of the equilibrium condition for the consumer Derivation of the demand curve for the consumer Critique of the cardinal approach

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  • Cardinalist theory
  • June 21, 2021
  • 24
  • 2020/2021
  • Summary
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