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The assumption that the indifference curve approach is ordinal: (1) allows individuals to compare their exact marginal utilities associated with the consumption of a commodity.

The assumption that the indifference curve approach is ordinal: (1)

allows individuals to compare their exact marginal utilities associated with the consumption of a commodity.

means that one can establish how much more satisfaction is derived from a cup of tea than from a cup of hot chocolate.

means that the satisfaction from consuming different products can be ranked or ordered.

allows for two indifference curves to intersect at a common point.

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