Ask Question
19 September, 16:15

What is the economic definition of utility? Utility is

A. the enjoyment or satisfaction people receive from consuming goods and services.

B. the sum of consumer and producer surplus.

C. the decrease in additional satisfaction consumers receive as they consume more of a good or service during a given period of time.

D. the change in enjoyment or satisfaction a person receives from consuming one additional unit of a good or service.

E. the difference between the highest price a consumer is willing to pay and the price the consumer actually pays.

+3
Answers (1)
  1. 19 September, 18:47
    0
    A. the enjoyment or satisfaction people receive from consuming goods and services.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “What is the economic definition of utility? Utility is A. the enjoyment or satisfaction people receive from consuming goods and services. ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers