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22 June, 10:08

9. In economics, the term utility refers to what?

A. The price of a product

B. The usefulness of a product

C. The production cost of a product

D. The re-sale value of a product

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Answers (2)
  1. 22 June, 11:51
    0
    B

    Explanation:

    The term refers to the happiness, benefit, value or satisfaction a person gets from consuming the good or service.
  2. 22 June, 13:16
    0
    I'm pretty sure the answer is B. the usefulness of a product
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