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1 . Do you think that is an accurate way to measure utility, or benefit? In general, is it accurate to measure how much people
Do you think that is an accurate way to measure utility, or benefit? In general, is it accurate to measure how much people want or need something, by looking at how much money they are willing to pay for it Explain your answer. Then, come up with two examples to illustrate your answer that is to say, describe two situations in which you believe that willingness to pay really does reflect how much people want something, or two situations in which you believe that willingness to pay does NOT reflect how much people want something
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