Which of the Following Is NOT True of Utility

question 229

Multiple Choice

Which of the following is NOT true of utility?

• A) It represents the want-satisfying power of a good.
• B) It is measured using a representative unit called a util.
• C) The utility that a good provides depends on a consumer's preferences.
• D) Utility can be measured objectively.

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Definitions:

Cause-and-Effect Pattern

A method of organizing information in a text that outlines the reasons for (causes) and the outcomes of (effects) specific events or phenomena.

Time Pattern

A method of organizing information based on chronological order or sequence in which events occur.

Task Pattern

A repeated or common way of executing a task or series of tasks, especially in user interface design and user experience studies.

Incident Report

A document detailing the occurrence of an event, often an accident or unexpected incident, within an organization or company, used for future prevention and record-keeping.