Total utility can be objectively measured in numbers that indicate usefulness or benefit to the consumer.

Name: Total utility can be objectively measured in numbers that indicate usefulness or benefit to the consumer.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Total utility is a subjective concept that cannot be objectively measured in numerical terms. It refers to the overall satisfaction or happiness that a consumer derives from consuming a certain amount of a good or service.

Total Utility Can Be Objectively Measured in Numbers That Indicate