The Utility of a Good Is Determined by How Much

question 57

Multiple Choice

The utility of a good is determined by how much _____ a particular consumer obtains from it.

• A)satisfaction
• B)usefulness
• C)cost
• D)need fulfillment

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Definitions:

Oxcarts

Traditional vehicles typically pulled by oxen, used historically for transport of goods and people in various cultures.

Three-Wheeled Taxis

Motorized public transport vehicles with three wheels, commonly used in parts of Asia and Africa for short-distance travel.

Transitional Expression

Words or phrases used to provide a connection between ideas, sentences, or paragraphs, enhancing the flow of writing.

Satellite Uplink

A communication link that sends signals from an Earth-based station to a satellite in orbit.