alleryThe Marginal Utility Analysis of consumer behaviour was propounded by:
AAlfred Marshall
BR. G. D. Allen
CJeremy Bentham
DJ. R. Hicks
Answer & Solution
Correct answer: A. Alfred Marshall
1. Marginal Utility Analysis was formulated by Alfred Marshall.
2. Indifference Curve Analysis was developed by Hicks and Allen, so those options are wrong.
3. Bentham contributed to the early utility concept but did not propound this analysis.
_Source: ICAI BoS CA Foundation Paper 4 Business Economics, Ch 2 Unit II "Theory of Consumer Behaviour", p.2_
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