The value of a good
A) depends on many factors, including who uses it and under what circumstances.
B) is determined by the cost of producing it.
C) depends on the labor necessary to supply the good.
D) can be measured objectively by a survey of manufacturers of the good.

Question

Quizplus · Accepted Answer

The value of a good is subjective and can vary based on factors such as the user's needs, preferences, and the context in which the good is used.

The Value of a Good