Q.
1
(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.
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A
(i), (ii), (iii) and (iv)
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B
(iv), (v), (vi) and (vii)
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C
(i), (iii), (v) and (vi)
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D
(iii), (iv), (vi) and (vii)