What is the satisfaction a person received from consuming goods and services called?
A)Contentment.
B)Psychic income.
C)Wealth.
D)Utility.

Question

Quizplus · Accepted Answer

The satisfaction a person receives from consuming goods and services is called Utility. It is the usefulness or satisfaction that consumers derive from consuming a particular product or service.

Answer: A and B
 Contentment and psychic income can both refer to the satisfaction or happiness a person feels from consuming goods and services. However, these terms are less commonly used in economics compared to utility.

What Is the Satisfaction a Person Received from Consuming Goods