A Util Is an Artificial Construct Used as a Means

question 95

Multiple Choice

A util is an artificial construct used as a means of measuring the

• A)price of a good.
• B)satisfaction one receives from the consumption of a good.
• C)costs of producing a good.
• D)difference between the price and the value of a good.

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Definitions:

Unearned Revenue

Income received by a company for goods or services that have not yet been delivered or performed.

Roofing Fees Revenue

This refers to the income generated from providing roofing services.

Accounts Receivable

Outstanding payments due to a business from its clients for goods or services already delivered but not yet settled.