In economics,utility
A) always decreases as income increases.
B) equals opportunity cost.
C) is an index of satisfaction.
D) is measured by the same units as relative price.
E) and relative price are the same thing.

Question

Quizplus · Accepted Answer

Utility refers to the level of satisfaction or happiness that a consumer derives from consuming a good or service. It is not necessarily correlated with income, and it is not the same as opportunity cost or relative price.

In Economics,utility