In economic theory,utility refers to the:
A) Additional satisfaction obtained from one more unit of a good or service.
B) Satisfaction obtained from a good or service.
C) Willingness to buy specific quantities of a good or service at a particular price.
D) Decrease in satisfaction as more of a good or service is consumeD.

Question

Quizplus · Accepted Answer

Utility in economic theory refers to the satisfaction or benefit derived from consuming a good or service.

In Economic Theory,utility Refers to The