Multiple Choice
Economists use what term to describe the want-satisfying power of a good?
A) demand
B) utility
C) marginal propensity to consume
D) income elasticity
Correct Answer:

Verified
Correct Answer:
Verified
Q381: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -In the above
Q382: A consumer is maximizing utility when<br>A) the
Q383: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -Refer to the
Q384: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -In the above
Q385: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -Use the above
Q387: Total satisfaction is maximized when<br>A) marginal utility
Q388: The fact that consumers will purchase more
Q389: In cardinal utility analysis<br>A) numbers can be
Q390: The consumer optimum (for two goods, A
Q391: The price of one piece of pizza