Utility is _____
A)the sense of pleasure or satisfaction derived from consuming goods and services.
B)the addition to total satisfaction resulting from an additional unit of consumption.
C)the ratio of the units of a good consumed to its price.
D)objectively measured and compared across individuals.
E)the difference in the total satisfaction derived from the consumption of any two products.

Question

Quizplus · Accepted Answer

Utility is defined as the sense of pleasure or satisfaction derived from consuming goods and services.

Utility Is _____