menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Principles of Economics Study Set 12
  4. Exam
    Exam 5: The Demand Curve and the Behavior of Consumers
  5. Question
    Utility Is
Solved

Utility Is

Question 164

Question 164

Multiple Choice

Utility is


A) the total amount of a good or service a consumer consumes.
B) social welfare.
C) the usefulness of a good.
D) an indicator of individual preferences.
E) how well something works for its intended purpose.

Correct Answer:

verifed

Verified

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

Related Questions

Q159: The budget constraint is the set of

Q160: At any point on an indifference curve

Q161: Suppose that a consumer has a choice

Q162: Which of the following statements is true

Q163: An individual buys more of a good

Q165: The area between the demand curve and

Q166: The marginal benefit of a good increases

Q167: Suppose that a consumer's total benefit is

Q168: An indifference curve shows<br>A)various combinations of two

Q169: Suppose you are having a dinner party

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