menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Exploring Microeconomics
  4. Exam
    Exam 6: Market Efficiency and Market Failure
  5. Question
    According to an Economist, What Does the Word "Utility" Mean
Solved

According to an Economist, What Does the Word "Utility" Mean

Question 26

Question 26

Multiple Choice

According to an economist, what does the word "utility" mean?


A) usefulness
B) satisfaction
C) efficiency
D) demand

Correct Answer:

verifed

Verified

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

Related Questions

Q21: What kinds of goods are nonrivalrous in

Q22: When is an externality present?<br>A) when the

Q23: Suppose the total utility of two slices

Q24: What is a public good?<br>A) a good

Q25: What will a corrective tax equal to

Q27: London Mayor Anne Marie DeCicco believes strongly

Q28: In a market where firms are able

Q29: TABLE 6-5<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5767/.jpg" alt="TABLE 6-5

Q30: Why does education lead to external benefits?<br>A)

Q44: If the world supply of diamonds increases,

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