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.

Question

Quizplus · Accepted Answer

The utility of a good is subjective and varies across consumers based on their individual preferences and circumstances. What is valuable to one person may not be as valuable to another.

The Utility of a Good Is