Utility Is Useful When

question 132

Multiple Choice

Utility is useful when:

• A)comparing the relative satisfaction different consumers receive from a particular good.
• B)predicting whether a good or service will sell more if the price is lowered.
• C)quantitatively describing a person's preferences for one good over another.
• D)describing exactly how much an individual values one particular good.

---

Definitions:

Congenital Adrenal Hyperplasia

A group of genetic conditions limiting hormone production in the adrenal glands, affecting sexual development and growth.

Phenotype

The observable physical or biochemical characteristics of an organism, as determined by both genetic makeup and environmental influences.

Puberty

The developmental stage in humans and other primates marked by the onset of sexual maturity and other physiological changes.

Gender Identity

The degree to which a person feels male or female.