The fact that you cannot measure the utility associated with reading an economics textbook
A) means that marginal utility associated with reading one more page of your economics textbook is negative.
B) is a criticism of the use of marginal utility analysis to explain consumer behavior.
C) means that there is no pleasure associated with reading an economics textbook.
D) means that total utility of reading economics textbooks is zero.

Question

Quizplus · Accepted Answer

Marginal utility analysis, which is a cornerstone of microeconomic theory, often assumes that utility can be quantified. However, the inability to measure utility directly, such as the satisfaction or pleasure derived from reading an economics textbook, does not invalidate the concept of marginal utility. It does, however, present a challenge to the empirical application of these theories, leading to criticism of their practical utility in explaining consumer behavior.

The Fact That You Cannot Measure the Utility Associated with Reading