JAMB Economics 2012 Objective — Question 11

Question 11 of 50 from the Joint Admissions and Matriculation Board (JAMB) Economics 2012 Objective paper, with the correct answer and a full explanation.

Comparison of interpersonal utility is impossible because

A. utility is measured in utils
B. marginal utility is not observable
C. utility is subjectively determinedCorrect
D. individual incomes differ

Explanation

Utility is subjectively determined, it does not really have objective basis for measurement.

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