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Home Q & A Board Other Fields Homework Help Business Economics
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viva902 viva902
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A year ago

When an economist talks about utility, she is talking about



▸

a company that provides electricity, water, gas, etc.



▸

the satisfaction, in terms of price, that a producer receives from selling his product.



▸

the satisfaction that results from the consumption of a good.



▸

the amount of one good that a person is willing to give up in order to get a unit of another good.



▸

the satisfaction that results from the consumption of a good minus the price that must be paid to get the good.

Textbook 
Economics

Economics


Edition: 12th
Author:
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CodybarnesCodybarnes
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A year ago
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viva902 Author
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A year ago
Smart ... Thanks!
novae
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Yesterday
this is exactly what I needed
jasonbourne
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2 hours ago
This helped my grade so much Perfect
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