Multiple Choice
Utility is
A) the value of a good.
B) the additional satisfaction received from consuming another unit of a good.
C) the benefit or satisfaction from consuming goods and services.
D) the practical usefulness of a good.
E) equal to the price of a good.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q105: Which of the following barriers to rational
Q106: If income falls,then in the new consumer
Q107: The high price of diamonds relative to
Q108: Which one of the following statements is
Q109: Cindy has $70 a month to spend,and
Q111: The change in total utility that results
Q112: For a consumer to maximize utility from
Q113: If the price of a good falls,then
Q114: Which one of the following is not
Q115: Sergio is maximizing utility in his consumption