Cardinal utility analysis of consumer's behaviour is based on which combination of the following assumptions:
(i) Utility is measurable in terms of cardinal number.
(ii) Constancy of the marginal utility of money
(iii) Utilities of different goods are interdependent
(iv) Marginal utility of a good for a person diminishes with every increase in the stock that he already has.
Choose the correct answer from the code given below:
1
Only (i) and (ii)
2
Only (i), (ii) and (iv)
3
Only (ii), (iii) and (iv)
4
Only (iii) and (iv)