On what basis do they criticize the labor theory of value


Problem

For Jevons and Menger, what is the source of value? On what basis do they criticize the labor theory of value? How are their value theories related to Bentham's utilitarianism? Specifically for Menger, what are higher order goods and what determines their value?

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Microeconomics: On what basis do they criticize the labor theory of value
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