Which of the Following Statements Is True About Utility

question 107

Multiple Choice

Which of the following statements is true about utility?

• A) Economists measure utility with a unit they refer to as an utte.
• B) Utility is easy to compare across individuals.
• C) All products produce the same utility.
• D) Everyone receives the same level of satisfaction from the same good or service.
• E) Some products produce more utility than others.

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Definitions:

Religious Beliefs

Personal or shared beliefs regarding spiritual faith, worship practices, and the divine, which often guide moral judgement and actions.

Discrimination

Bias or inequitable actions against varied categories of individuals, mainly due to their race, age, or sexual orientation.

Ingroups

Social groups to which a person psychologically identifies as being a member.

Catholicism

A Christian denomination led by the Pope, based in the Vatican, emphasizing the tradition and authority of the church.