Which of the Following Statements Is True About Utility

question 63

Multiple Choice

Which of the following statements is true about utility?

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

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Definitions:

Agricultural Societies

Societies based primarily on the production of food through farming, heralding significant changes in social structure, culture, and economic systems.

Sexual Development

The process of physical and emotional changes that occur as a person matures sexually, including puberty and the development of secondary sexual characteristics.

Sexual Anatomy

The physical structures of the body related to sexual reproduction and function.

Intersex Newborns

Infants born with any of several variations in sex characteristics that do not fit typical binary notions of male or female bodies.