A representative unit that measures the want-satisfying power of a good is
A) a margin.
B) purchasing power.
C) income.
D) a util.

Question

Quizplus · Accepted Answer

A util is a representative unit used to measure the satisfaction or utility derived from consuming a particular good or service. It helps economists understand how much consumers are willing to pay for a good or service based on the level of utility they receive from consuming it. Therefore, a util is the best choice for this question.

A Representative Unit That Measures the Want-Satisfying Power of a Good