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When an Economist Talks About Utility, She Is Talking About

Question 19

Multiple Choice

When an economist talks about utility, she is talking about


A) a company that provides electricity, water, gas, etc.
B) the satisfaction, in terms of price, that a producer receives from selling his product.
C) the satisfaction that results from the consumption of a good.
D) the amount of one good that a person is willing to give up in order to get a unit of another good.
E) the satisfaction that results from the consumption of a good minus the price that must be paid to get the good.

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