Which of the Following Statements Concerning Utility Is Correct

question 93

Multiple Choice

Which of the following statements concerning utility is correct?

• A)It is possible to precisely measure the utility an individual receives from consuming a particular good or service
• B)It is always possible to determine whether Dalene or Juloy gets more utility from consuming two units of the same good
• C)The utility of goods can be measured while the same is not true for services
• D)Utility is a subjective measure of satisfaction an individual receives from consuming a good or service
• E)It is only useful if there is no scarcity

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Definitions:

Menstrual Period

The phase of the menstrual cycle during which bleeding from the uterus occurs through the vagina, marking the shedding of the uterine lining, typically lasting between three to seven days.

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Cholecystogram

An imaging test that examines the gallbladder for stones, inflammation, or other abnormalities, typically using X-ray after dye ingestion.

Abdominal Ultrasound

A diagnostic imaging technique that uses high-frequency sound waves to visualize the organs within the abdomen.