Solved

In Economics,the Ability of Pumpkin Pie to Satisfy a Want

Question 97

Multiple Choice

In economics,the ability of pumpkin pie to satisfy a want is referred to as its:

A) utility.
B) usefulness.
C) worthiness.
D) necessity.

Related Questions

Q92: Choices that maximize total utility generally produce

Q93: Steven consumes staples and paper clips.He is

Q94: Kawamura,a careful utility maximizer,consumes peanut butter and

Q95: Wolfgang really likes both rutabagas and broccoli.The

Q96: A decrease in the price of a

Q98: The principle of diminishing marginal utility:<br>A)refers to

Q99: If the price of laundry detergent equals

Q100: Sam always tries to maximize his utility

Q101: Use the following to answer question: <img

Q102: The substitution effect of a price change