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

Question

Quizplus · Accepted Answer

Utility is the satisfaction or pleasure a consumer receives from consuming goods and services. It is the subjective value that an individual places on a good or service based on their preferences, tastes, and needs.

Utility Is