Utility Is

question 11

Multiple Choice

Utility is:

• A) useful in comparing the relative satisfaction different consumers get from a particular good.
• B) useful in predicting when to put an item on sale.
• C) useful in quantitatively describing a person's preferences for one good over another.
• D) an interesting concept, but not really useful for anything.

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Definitions:

Breach Of Contract

A violation of any agreed-upon terms and conditions in a binding contract.

Cashier's Check

A check guaranteed by a bank, drawn on the bank's own funds and signed by a cashier.

Service Fee

A charge added to a customer's bill for the provision of a service, which might cover operational costs or service delivery.

Forges

The act of creating counterfeit copies of documents, art, or other items with the intent to deceive; also refers to workshops equipped with a forge for metalworking.