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In Economics,the Term "Utility" Is Defined as the

Question 23

Multiple Choice

In economics,the term "utility" is defined as the


A) usefulness of a good.
B) usefulness of a theory to explain price determination.
C) total consumer satisfaction received from consumption of a good.
D) a service such as sewer and water or electricity.
E) system of basing the price of a good on its usefulness to society.

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