Scenario 5.1 The Demand for Noodles Is Given by the Following Equation

Multiple Choice

Scenario 5.1
The demand for noodles is given by the following equation: Q = 20 - 4P + 0.2I - 2P_x. Assume that P = $8, I = 200, and P_x = $10.
-Utility is most closely defined as _____.

A) the purchasing power of individuals
B) welfare maximization
C) a medium of exchange
D) satisfaction
E) an opportunity cost