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emmainna [20.7K]
3 years ago
5

What are limitations of utility analysis?

Arts
2 answers:
s2008m [1.1K]3 years ago
7 0

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 !

mark me brainliest :))

yKpoI14uk [10]3 years ago
6 0

Answer:

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. Utility analysis assumes that marginal utility of money is constant. This assumption is unrealistic

PLEASE MARK ME BRAILIEST  

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