Utility is all of the following except
A)a measurement of satisfaction
B)benefits received from a choice
C)decreases with consumption of additional units
D)remains constant for all units consumed

Question

Quizplus · Accepted Answer

Utility does not remain constant for all units consumed. It generally decreases as more units are consumed, meaning option C is correct. Utility is a measurement of satisfaction and benefits received from a choice, which means options A and B are correct. However, option D is incorrect as utility is not constant for all units consumed.

Utility Is All of the Following Except