The Word "Util" Has Been Used by Economists in the Past

question 264

Multiple Choice

The word "util" has been used by economists in the past as an objective measure of utility.Today economists believe that

• A)utility cannot be measured objectively.
• B)utility can be measured objectively because people can use prices of different goods to measure utility.
• C)all of the important conclusions of the economic model of consumer behavior depend on utility being measured objectively.
• D)the util truly is an objective, rather than a subjective, measure of utility.

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Definitions:

Client Outcomes

The results or end effects experienced by clients receiving healthcare services, often used to measure the quality and effectiveness of care.

Decreased Complications

A reduction in the unwanted and potentially harmful secondary effects that can arise during or after medical treatment or surgery.

General Anaesthetic

A type of medication that is used to induce unconsciousness and eliminate sensation, typically used during surgery to prevent pain.