The utility of a good is:
a. different for different consumers.
b. the same for all consumers.
c. constant no matter how much is consumed.
d. related to the cost of producing it.
e. easily measured.
a
Economics
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During recessions, unemployment insurance payments tend to rise
a. True b. False Indicate whether the statement is true or false
Economics
Refer to the diagram. Demand is relatively elastic:
A. in the P 2 P 1 price range.
B. in the 0P 1 price range.
C. in the P 2 P 4 price range.
D. only at price P 2 .
Economics