menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Microeconomics Study Set 25
  4. Exam
    Exam 10: The Rational Consumer
  5. Question
    The Utility of a Good Is Determined by How Much
Solved

The Utility of a Good Is Determined by How Much

Question 57

Question 57

Multiple Choice

The utility of a good is determined by how much _____ a particular consumer obtains from it.


A) satisfaction
B) usefulness
C) cost
D) need fulfillment

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q52: When a consumer maximizes utility,the marginal utility

Q53: Use the following to answer question: <img

Q54: Use the following to answer question: <img

Q55: Mikaela is buying a new motorcycle.She has

Q56: Steven consumes staples and paper clips.He is

Q58: Use the following to answer question: <img

Q59: (Scenario: Tom's Budget Constraint)Use Scenario: Tom's Budget

Q60: At Frankie's Buy-the-Slice Pizza,Bill eats three slices

Q61: Assuming that diminishing marginal utility applies to

Q62: Tori devotes all of her income to

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines