A. Utility is measurable in terms of a number of goods consumed.
B. Utility is measurable in monetary terms.
C. Utility cannot be measured.
D. None of the above
CORRECT ANSWER IS: Utility is measurable in monetary terms.
A. Utility is measurable in terms of a number of goods consumed.
B. Utility is measurable in monetary terms.
C. Utility cannot be measured.
D. None of the above
CORRECT ANSWER IS: Utility is measurable in monetary terms.