The total utility is a good measure of a goods price.

True

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False

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Solution

The correct option is B False
The marginal utility is the best measure of a goods price. This is because consumers pay for the additional utility the good derives not its total utility.

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Similar questions

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The total utility is a good measure of a goods price.

The correct option is B FalseThe marginal utility is the best measure of a goods price. This is because consumers pay for the additional utility the good derives not its total utility.

The correct option is B False
The marginal utility is the best measure of a goods price. This is because consumers pay for the additional utility the good derives not its total utility.