Because we cannot observe or measure utility
A) the predictions of marginal utility theory cannot be verified.
B) marginal utility theory is incomplete and so its predictions might not be valid.
C) marginal utility theory must be derived from assumptions about demand curves because demand curves can be measured.
D) None of the above answers are correct.

Question

Quizplus · Accepted Answer

The Answer of Because we cannot observe or measure utility
A) the predictions of marginal utility theory cannot be verified.
B) marginal utility theory is incomplete and so its predictions might not be valid.
C) marginal utility theory must be derived from assumptions about demand curves because demand curves can be measured.
D) None of the above answers are correct.

Because We Cannot Observe or Measure Utility