a
utility is measured in utils
b
marginal utility is not observable
c
utility is subjectively determined
d
individual income differ
Explanation
Correct Option
cVideo Explanation
No video available
Post your Contribution
Share:
Discussions (1)
Unclejoenomics
4 years ago
Comparison of interpersonal utility is impossible due to the fact that utility is subjectively determined.When we decide to make interpersonal comparisons of utility, explicit value judgement (subjective preferences) comes into play.
