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For economists, the word "utility" means:
O pleasure and satisfaction.
O versatility and flexibility.
O rationality.
O purposefulness.

Sagot :

GinnyAnsweridn

Final answer:

Utility in economics refers to the satisfaction or happiness a person derives from consuming goods or services.


Explanation:

Utility in economics refers to the flow of pleasure or happiness a person experiences, representing the satisfaction gained from consuming goods or services. It is a conceptual measure of satisfaction, guiding decisions based on maximizing utility.


Learn more about Utility in Economics here:

https://brainly.com/question/42423777


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