A representative unit by which utility is measured is
A) a util.
B) utility.
C) marginal utility.
D) ordinal utility.

Name: A representative unit by which utility is measured is A) a util. B) utility. C) marginal utility. D) ordinal utility.
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Question

Quizplus · Accepted Answer

A util is a hypothetical unit of measurement used in economics to quantify the amount of utility or satisfaction a consumer derives from consuming goods and services.

A Representative Unit by Which Utility Is Measured Is