________ Is the Ability of a Product to Satisfy a Human

question 86

Multiple Choice

________ is the ability of a product to satisfy a human want or need.

• A) Utility
• B) Exchange
• C) Value
• D) Differentiation

Understand the concept of marginal decision-making in economics.

Identify and calculate opportunity costs in different scenarios.

Describe the concepts of average and marginal costs in production.

Explain the trade-offs faced by individuals and societies.

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Definitions:

Unhappy

A state of dissatisfaction or sadness, where an individual's emotional needs or desires are not fulfilled.

External Factors

Conditions or situations outside an organization or individual’s control that can impact performance or outcomes.

Conceptual Age

A stage in societal development where creativity and empathy prevail over rational analysis.

Empathetic Attitudes

Describes the capacity to understand and share the feelings of others, often leading to supportive and considerate behaviors.