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Why can't utility be accurately measured for all goods according to the limitations of the law?

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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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