Statement I: Utility is measured by a product's usefulness.
Statement II: If you purchased eight ballpoint pens at 75 cents each,you would be enjoying a consumer surplus.
A)Statement I is true and statement II is false.
B)Statement II is true and statement I is false.
C)Both statements are true.
D)Both statements are false.

Question

Quizplus · Accepted Answer

The Answer of Statement I: Utility is measured by a product's usefulness.
Statement II: If you purchased eight ballpoint pens at 75 cents each,you would be enjoying a consumer surplus.
A)Statement I is true and statement II is false.
B)Statement II is true and statement I is false.
C)Both statements are true.
D)Both statements are false.

Statement I: Utility Is Measured by a Product's Usefulness