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Question
Why can't utility be accurately measured for all goods according to the limitations of the law?
Options
Prices of goods change every day.
All goods can be divided into parts.
Consumers always buy rationally.
Utility is a personal feeling, not a fixed quantity.
MCQ
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Solution
Utility is a personal feeling, not a fixed quantity.
Explanation:
"Utility" means "satisfaction" and is subjective,it depends on feelings, so it's not a fixed value that can be measured like weight or length.
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