When economists speak of the utility of a certain good, they are referring to-
A. The demand for the good.
B. The usefulness of the good in consumption.
C. The satisfaction gained from consuming the good.
D. The rate at which consumers are willing to exchange one unit of good for an other one.
Answer:C
When economists speak of the utility of a certain good, they are referring to-
A. The demand for the good. B. The usefulness of the good in consumption. C. The satisfaction gained from consuming the good. D. The rate at which consumers are willing to exchange one unit of good for an other one.