In Economics,the Term "Utility" Is Defined as the

question 69

Multiple Choice

In economics,the term "utility" is defined as the

• A)system of basing the price of a good on its usefulness to society.
• B)usefulness of a good.
• C)total consumer satisfaction received from consumption of a good.
• D)usefulness of a theory to explain price determination.
• E)a service such as sewer and water or electricity.