The utility of a good or service
A)is synonymous with usefulness.
B)is the satisfaction or pleasure one gets from consuming it.
C)is easy to quantify.
D)rarely varies from person to person.

Question

Quizplus · Accepted Answer

Utility refers to the satisfaction or pleasure derived from the consumption of a good or service, rather than its mere usefulness, ease of quantification, or uniformity across individuals.

The Utility of a Good or Service