Which of the Following Statements Concerning Utility Is Correct

question 93

Multiple Choice

Which of the following statements concerning utility is correct?

• A)It is possible to precisely measure the utility an individual receives from consuming a particular good or service
• B)It is always possible to determine whether Dalene or Juloy gets more utility from consuming two units of the same good
• C)The utility of goods can be measured while the same is not true for services
• D)Utility is a subjective measure of satisfaction an individual receives from consuming a good or service
• E)It is only useful if there is no scarcity

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Definitions:

Differentiated

A state in which cells have developed specialized functions and characteristics, differing from their originating stem cells.

Amnion

A thin, protective membrane that surrounds the embryo or fetus in the amniotic sac, containing the amniotic fluid.

Embryonic Membrane

Membranes such as the amnion and chorion that develop during embryogenesis to protect and nourish the embryo.

Watery Sac

A fluid-filled bladder or cyst that can form in various parts of the body, often benign.