lebro8126 lebro8126
  • 02-11-2017
  • Business
contestada

What is the economic definition of​ utility?

Respuesta :

abrairak abrairak
  • 02-11-2017
The capacity of a good or service to meet the demand of a consumer. The amount of economic utility of a good or service determines what the demand will be for that good or service, which impacts the price that people will be willing to pay to obtain it


Answer Link
stonespivey13
stonespivey13 stonespivey13
  • 24-08-2020

Answer:

Economic utility is the amount of satisfaction a consumer receives from the consumption of a particular product or service.

Explanation:

Answer Link

Otras preguntas

Solve for x given the solution square root x plus 9 minus 4 equals 1
GB= 2x+3 what is GB? 5 units 10 units 15 units or 30 units
how to do this ......??
How did Mussolini and hitler fight unemployment in their countries?
The second stage of digestion takes place in the small intestine. a. True b. False
An electric motor is connected to a battery. The current flows through brushes to a commutator ring, which is attached to an electromagnet turning through a per
2.34 times 5.6 can anyone help me with thisath problem
What is the number of moles of the solute in 250 ml of a.4 m solution?
Parents who spend a great deal of time and money trying to find the best school for their children believe in the importance of:
the person who would be most directly affected by changes in the buisness cycle isa. an emergancy room doctorb. a constructiin workerc. an orthadontistd. a coll