A. utility is measured in utils
B. marginal utility is not observable
C. utility is subjectively determined
D. individual income differ
Correct Answer:
Option A – utility is measured in utils
Explanation
The comparison of interpersonal utility is impossible because there is no measurable utility that individual derived from some good.
300 Level Estate Management and Valuation Department exam questions and detailed answers. Download the answers…
200 Level Estate Management and Valuation Department exam questions and detailed answers. Download the answers…
200 Level Estate Management and Valuation Department exam questions and detailed answers. Download the answers…
200 Level Estate Management and Valuation Department exam questions and detailed answers. Download the answers…
200 Level Estate Management and Valuation Department exam questions and detailed answers. Download the answers…
200 Level Estate Management and Valuation Department exam questions and detailed answers. Download the answers…