Utility Is _____

question 81

Multiple Choice

Utility is _____

• A)the sense of pleasure or satisfaction derived from consuming goods and services.
• B)the addition to total satisfaction resulting from an additional unit of consumption.
• C)the ratio of the units of a good consumed to its price.
• D)objectively measured and compared across individuals.
• E)the difference in the total satisfaction derived from the consumption of any two products.

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Definitions:

Caregiving Process

The act of providing care and assistance to someone in need, especially due to illness, disability, or age, often involving emotional and physical support.

Konrad Lorenz

An Austrian zoologist known for his foundational work in the field of ethology and for his study of animal behavior.

Critical Period

A specific time during development when a particular event has its greatest consequences and the presence of certain kinds of environmental stimuli is necessary for development to proceed normally.

Innate Tendency

An natural or instinctual inclination or propensity in living organisms towards certain behaviors, reactions or developments.