Which Statement Is a Critique of Marginal Utility Analysis

question 276

Multiple Choice

Which statement is a critique of marginal utility analysis?

• A) Marginal utility does not decline in the real world.
• B) Utility is difficult to measure.
• C) Demand curves cannot be derived using marginal utility analysis.
• D) People do not act in ways to maximize their utility.

---

Definitions:

Chronological Age

The exact age of an individual measured in years from the date of birth to the current date.

Alfred Binet

A French psychologist best known for creating the first intelligence test, the Binet-Simon scale.

Intelligence Test

A method of assessing an individual's mental aptitudes and comparing them with others using numerical scores.

Exponential

A mathematical function or growth pattern describing a quantity that increases at a rate proportional to its current value.