Statement I: Utility Is Measured by How Much a Person

question 34

Multiple Choice

Statement I: Utility is measured by how much a person is willing to pay for a good or service.
Statement II: If you buy four units of a good,your total utility is higher than if you purchased only three units.

• A)Statement I is true and statement II is false.
• B)Statement II is true and statement I is false.
• C)Both statements are true.
• D)Both statements are false.

---

Definitions:

Working Class

A social group consisting of people employed in lower-tier jobs, often involving manual labor, who are salaried or wage-earning.

Social Movement Unionism

A trend within labor movements that emphasizes broader social goals rather than just focusing on raises and benefits for members, often aligning with other social justice movements.

Solidarity Unionism Model

Emphasizes grassroots organization and direct action by workers, often without official union recognition or traditional collective bargaining structures.

Worker Power

The collective strength and influence that employees hold within a workplace or industry, allowing them to advocate for and achieve better working conditions and rights.