Multiple Choice
Which of the following is true of units of utility?
A) Each unit is worth $1.
B) They cannot be compared across consumers.
C) They apply to goods but not to services.
D) They do not exist for very wealthy individuals.
E) They are negative for inferior goods.
Correct Answer:
Verified
Related Questions
Q2: Which of the following statements cannot be
Q3: Utility is determined by an individual's
A)income
B)price
C)relative price
D)profit
E)tastes
Q4: Marginal utility can be objectively measured and
