In Economics, Interpersonal Comparisons of Utility

Multiple Choice

In economics, interpersonal comparisons of utility

A) are widely accepted as useful and accurate to determine market demand
B) are widely accepted as useful and accurate to determine consumer surplus
C) can be measured accurately by using the hypothetical unit of utils
D) are generally avoided because we cannot compare with complete confidence the utility one person derives from a dollar to the utility another person derives from a dollar
E) are widely accepted as useful and accurate because consumers have similar utility preferences