Which of the following is true of units of utility? a.They cannot be compared across consumers....
Which of the following is true of units of utility?
a.They cannot be compared across consumers.
b.They do not exist for very wealthy individuals.
c.They are negative for inferior goods.
d.They apply to goods but not to services.
e.They evaluate the purchasing power of consumers.
Homework Answers
Ans) the correct option is a) They cannot be compared across consumers.
Consumers derive different utilities from a product that can not be compared
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Which of the following is true of units of utility?
a.They cannot be compared across consumers....
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