Answer:
ok let me know if this makes sense 1. goes to 1. and 2. goes to 3. and 3 goes to 2.
I hope you understand....
Answer:
Limitations of Utility Analysis are:
1. The assumption that utility can be measured cardinally (or numerically) is not true as utility is a subjective concept and varies from person to person and from time to time.
Explanation : hope it helps !
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