Measuring Temperature with a Fahrenheit Thermometer Entails the Use of Which

question 11

Multiple Choice

Measuring temperature with a Fahrenheit thermometer entails the use of which type of scale?

• A) ratio
• B) ordinal
• C) interval
• D) nominal

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Definitions:

Marginal Utility

The additional utility or enjoyment derived from the consumption of one more unit of a product or service.

Optimal Consumption

The mix of goods and services that maximizes the utility or satisfaction of a consumer given their budget constraint.

Utility

A measure of the satisfaction, usefulness, or pleasure that individuals get from consuming goods and services.

Economics Books

Published works that study the production, distribution, and consumption of goods and services.