Ask Question
BusinessBusiness
4 October, 22:18

A util is an artificial construct used as a means of measuring the A. costs of producing a good B. price of a good C. satisfaction one receives from the consumption of a good D. difference between the price and the value of a good

+3
Answers (1)
  1. 4 October, 23:08
    0
    C. satisfaction one receives from the consumption of a good.

    Explanation:

    A util is a hypothetical measure of the satisfaction a consumer gets from consuming a product. It is used when discussing concepts such as total utility, marginal utility, and the law of diminishing returns.

    The law of diminishing returns analyses utility, and states that with additional consumption of a product the marginal utility a customer derives starts to reduce.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “A util is an artificial construct used as a means of measuring the A. costs of producing a good B. price of a good C. satisfaction one ...” 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
You Might be Interested in
Suppose that there is a welfare program with an income guarantee of $6000 and a benefit reduction rate of 50 percent. In the absence of the program, an individual can work up to 2000 hours per year at an hourly wage of $8 per hour. A.
Answers (1)
The sales budget must be prepared before any other component of the operating budget.
Answers (1)
4) Identify the elements that are necessary to make a contract valid
Answers (1)
Choose the correct statement. A. The CPI calculation assumes that everyone shops at discount stores and no one shops at convenience stores. B.
Answers (1)
Should be subtracted from the sales price per unit to compute the unit contribution margin.
Answers (1)
New Questions in Business
A registered representative opens a new account for a customer by telephone and receives an order to sell 300 shares of ABC at the market.
Answers (1)
Brian brewster sold property to a buyer who paid him $400,000 cash and assumed an existing mortgage of $150,000
Answers (1)
The following inventory information was taken from the records of Kleinfeld Inc.: Historical cost $12,000 Replacement cost $7,000 Expected selling Price $9,000 Expected selling cost $500 Normal profit margin 50% of price Assume that subsequent to
Answers (1)
Eliza has a policy that allows her to deduct the premiums she pays that exceed 10% of her adjusted gross income. Once she turns 65, she can deduct the premiums that exceed 7.5% of her adjusted gross income. Which type of policy does Eliza have?
Answers (1)
A key consideration related to business intelligence is that it focuses on data to aid in
Answers (1)
Home » Business » A util is an artificial construct used as a means of measuring the A. costs of producing a good B. price of a good C. satisfaction one receives from the consumption of a good D. difference between the price and the value of a good
Sign Up Forgot Password?