Which of the Following Is True of Units of Utility

question 95

Multiple Choice

Which of the following is true of units of utility?

• A)Each unit is worth $1.
• B)They cannot be compared across consumers.
• C)They apply to goods but not to services.
• D)They do not exist for very wealthy individuals.
• E)They are negative for inferior goods.

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Definitions:

Defensive

A state of being protective against criticism, challenge, or threat.

Genuineness

The quality of being authentic, sincere, and honest in one's interactions and presence.

Tense/relaxed Continuum

A conceptual scale that describes the varying degrees of tension or relaxation present in an individual, situation, or environment.

Discrimination

Unfair or prejudicial treatment of individuals or groups based on characteristics such as race, gender, age, or sexual orientation.