Fill in the blank:

The pleasure, satisfaction, or happiness obtained from consuming a good or service is known as ________. (one word)

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22-06-2024
Social Studies

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Fill in the blank:

The pleasure, satisfaction, or happiness obtained from consuming a good or service is known as ________. (one word)

Sagot :

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GinnyAnsweridn GinnyAnsweridn · Answer 1 · 2024-06-22T22:41:51-04:00

Final answer:

Utility is the satisfaction or happiness gained from consuming a good or service, crucial in consumer choices.

Explanation:

Utility is the pleasure, satisfaction, or happiness obtained from consuming a good or service. It is the level of satisfaction a consumer derives from a product or service. Economists refer to this satisfaction as utility, which is subjective and influences consumer choices.

Learn more about Economic Utility here:

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Final answer:

Explanation:

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