A criticism of marginal utility analysis is that it is
A) difficult to obtain price information.
B) difficult to measure utility.
C) easy to measure marginal utility.
D) easy to obtain price information.

Question

Quizplus · Accepted Answer

Marginal utility analysis is criticized because utility, which represents satisfaction or pleasure obtained from consuming goods and services, is subjective and varies from person to person, making it difficult to measure accurately.

A Criticism of Marginal Utility Analysis Is That It Is