Which of the Following Is Required for the Existence of a Utility

question 68

Multiple Choice

Which of the following is required for the existence of a utility function?

• A)transitivity
• B)relativity
• C)universality
• D)satiation

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Definitions:

First Lady Eleanor Roosevelt

The wife of President Franklin D. Roosevelt, known for her humanitarian efforts and activism for civil rights during and after her tenure as First Lady of the United States from 1933 to 1945.

New Deal

A set of measures comprising programs, public infrastructure projects, monetary reforms, and regulations put into action by President Franklin D. Roosevelt in the 1930s in the United States, aimed at facilitating the country's recovery from the Great Depression.

Agricultural Adjustment Administration

A New Deal agency created in 1933 to boost agricultural prices by reducing surpluses. It paid farmers to cut production of staple crops.

Central Purpose

The primary or most important goal, aim, or objective of an organization, movement, or strategy.