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

question 72

Multiple Choice

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

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

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Definitions:

Prewriting

The initial stage of the writing process, involving brainstorming, planning, outlining, and organizing ideas before drafting.

Sentence Structure

The arrangement of words, phrases, and clauses in a sentence according to syntax rules.

Thesis Statement

A sentence that expresses the main idea of a research paper or essay, often presenting an argument or perspective.

Purpose

The reason for which something is done or created or for which something exists.