Utility is defined as the:
A) sense of pleasure or satisfaction derived from consuming goods and services.
B) cost of acquiring goods and services.
C) profits consumers earn from consuming goods and services.
D) monetary value to consumers of goods and services.
E) desire to consume goods and services.

Question

Quizplus · Accepted Answer

Utility is the sense of pleasure or satisfaction derived from consuming goods and services. It is a subjective measure and varies from person to person. It cannot be quantified and is not the same as the monetary value of goods and services.

Utility Is Defined as The