The satisfaction a person receives from consuming goods and services is called
A)contentment.
B)psychic income.
C)wealth.
D)utility.

Name: The satisfaction a person receives from consuming goods and services is called A)contentment. B)psychic income. C)wealth. D)utility.
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Question

Quizplus · Accepted Answer

Utility is a term used to describe the satisfaction or usefulness a person receives from consuming goods and services. It is a subjective concept and varies from person to person.

The Satisfaction a Person Receives from Consuming Goods and Services