The total amount of satisfaction yielded by the consumption of a good or service is called
A) total utility.
B) total demand.
C) market equilibrium.
D) maximized behavior.

Name: The total amount of satisfaction yielded by the consumption of a good or service is called A) total utility. B) total demand. C) market equilibrium. D) maximized behavior.
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Question

Quizplus · Accepted Answer

Total utility refers to the total satisfaction received from consuming a certain amount of a good or service.

The Total Amount of Satisfaction Yielded by the Consumption of a Good