Which among the following is not true about utility? Select one: a. The terms utility and usefulness are same b. Utility is measured in imaginary units c. Utility is want satisfying power of a good d. None of the answers are correct e. Utility of a product varies from person to person
Which among the following is not true about utility? Select one: a. The terms utility and usefulness are same b. Utility is measured in imaginary units c. Utility is want satisfying power of a good d. None of the answers are correct e. Utility of a product varies from person to person
Chapter7: Consumer Choice: Maximizing Utility And Behavioral Economics
Section: Chapter Questions
Problem 6QP
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Question
Which among the following is not true about utility?
Select one:
a. The terms utility and usefulness are same
b. Utility is measured in imaginary units
c. Utility is want satisfying power of a good
d. None of the answers are correct
e. Utility of a product varies from person to person
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