Which of the following is a substitute way of describing what economists mean by the concept of utility?
A) money
B) displeasure
C) satisfaction
D) action
E) practicality

Name: Which of the following is a substitute way of describing what economists mean by the concept of utility? A) money B) displeasure C) satisfaction D) action E) practicality
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Question

Quizplus · Accepted Answer

Utility in economics refers to the satisfaction or pleasure that consumers derive from consuming goods or services.

Which of the Following Is a Substitute Way of Describing