Utility refers to the:
A)satisfaction that a consumer derives from a good or service.
B)rate of decline in a product demand curve.
C)relative scarcity of a product.
D)usefulness of a product.
Answer:A
Utility refers to the:
A)satisfaction that a consumer derives from a good or service. B)rate of decline in a product demand curve. C)relative scarcity of a product. D)usefulness of a product.