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

Question 72

Multiple Choice

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


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

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