The utility of a good is determined by how much _____ a particular consumer obtains from it.
A)satisfaction
B)usefulness
C)cost
D)need fulfillment

Question

Quizplus · Accepted Answer

Utility refers to the satisfaction or pleasure gained from consuming a good or service. Therefore, option A is the correct choice as it best fits the definition of utility. B is also somewhat correct because a good's usefulness can potentially influence a consumer's satisfaction, but it is not as directly related to the concept of utility as satisfaction is. Option C, cost, and option D, need fulfillment, are not directly related to the concept of utility.

The Utility of a Good Is Determined by How Much