Utility Is

question 164

Multiple Choice

Utility is

• A)the total amount of a good or service a consumer consumes.
• B)social welfare.
• C)the usefulness of a good.
• D)an indicator of individual preferences.
• E)how well something works for its intended purpose.

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Definitions:

Computers

Electronic devices that process, store, and retrieve information, executing tasks based on programmed instructions.

Savings Method

is a memory recall technique noted by Ebbinghaus, measuring the retention of information by comparing the rate of learning to the rate of relearning the same information.

Relearns

The process of learning information or skills again, which were previously acquired and then forgotten or unpracticed.

Recognition

The ability to identify previously encountered information, stimuli, or events.