Which is a dimension or assumption of the marginal-utility theory of consumer behaviour

Question

Which is a dimension or assumption of the marginal-utility theory of consumer behaviour
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Solution 1

The Marginal Utility Theory of consumer behavior is based on several key assumptions. Here are a few of them:

  1. Rationality: This theory assumes that consumers are rational in their behavior. They aim to maximize their satisfaction or utility from the consumption of goods and services.

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