asked 182k views
5 votes
Utility measurements are: Multiple Choice a relative ranking of how much different people enjoy a particular good. used to compare one person's preference for a good to another person's preference. a relative ranking of the satisfaction a person gets from alternative combinations of things. None of these are true.

asked
User Dfour
by
7.8k points

1 Answer

2 votes

Answer:

a relative ranking of the satisfaction a person gets from alternative combinations of things.

Step-by-step explanation:

Utility measurement refers to a measurement of the utility

Here the utility means the satisfaction derives from consuming a product

Now the utility measurements is a satisfaction ranking that consumer gets after doing selection regarding various products available

Therefore according to the given situation, the third option is correct

answered
User Kovaxis
by
8.3k points
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.