Utility refers to the
A)Satisfaction obtained from a good or service.
B)Additional satisfaction obtained from one more unit of a good or service.
C)Willingness to buy specific quantities of a good or service at a particular price.
D)Decrease in satisfaction as more of a good or service is consumed.

Question

Quizplus · Accepted Answer

Utility refers to the overall satisfaction or benefit that a consumer receives from consuming a good or service.

Utility Refers to the