Multiple Choice
According to economists, the satisfaction people get from their consumption activities is called:
A) demand.
B) utility.
C) a need.
D) a want.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q56: The goal of utility maximization is to
Q57: At her current level of consumption, Wiebke's
Q58: Sven likes to water ski, but can
Q59: Suppose the price of an apple is
Q60: Laura's total utility from consuming 8, 9,
Q62: Sven likes to water ski, but can
Q63: Pat's total utility after eating 99 Reese's
Q64: The tendency for marginal utility to decline
Q65: Sven likes to water ski, but can
Q66: Consumer surplus measures:<br>A)the increase in a buyer's