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Which of the following are the assumptions related to the theory of consumer behaviour as per the Cardinal utility approach? (i) Consumer is rational.(ii) No limit on money income.(iii) Utility cardinally measurable.(iv) Diminishing marginal utility of money.(v) Diminishing marginal utility of commodities.(vi) Maximization of satisfaction.(vii) For calculating total utility, individual utilities of commodities are to be multiplied. Codes :

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The UGC NET management syllabus consists of these 10 units:

Management
Organizational Behaviour
Human Resource Management
Financial Statements
Financial Management
Strategic Management
Consumer and Industrial Buying Behavior
Statistics for Management
International Business
Entrepreneurship Development


Which of the following are the assumptions related to the theory of consumer behaviour as per the Cardinal utility approach? <br />(<em>i</em>) Consumer is rational.<br />(<em>ii</em>) No limit on money income.<br />(<em>iii</em>) Utility cardinally measurable.<br />(<em>iv</em>) Diminishing marginal utility of money.<br />(<em>v</em>) Diminishing marginal utility of commodities.<br />(<em>vi</em>) Maximization of satisfaction.<br />(<em>vii</em>) For calculating total utility, individual utilities of commodities are to be multiplied.<br /> <em>Codes :</em>






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