Question

1. Utility is ________
a) Objective b) Subjective c) Both a & b d) None of the above
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Answer 1

Answer:

Explanation:

1 Negative utility from a given unit of a commodity means that ... (b) The consumer expects to get some lower level of satisfaction from the consumption of this unit. ... (c) Same (d) None of the above. Ans: C Q.5 Utility, being subjective means it ... (c) Both at the optimal level (d) The same quantity of both. Ans: C Q.16 What ...

Answer 2

Answer:

$]\huge\bold\orange{\underline{\underline{Subjective}}}$

$\longrightarrow \: utility \: is \: a \: subjective \: concept.$