Answered

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How does the idea of utility influence producers in the products they create for consumers?

A. They know they must have fast service because utility states that consumers will prioritize their time above everything else.
B. They know they must create complementary products because utility states that consumers will be drawn to products with complements.
C. They know their price point must be the lowest because utility states that people will gravitate towards the cheapest option.
D. They know they must create useful products because utility states that consumers will always pay for things which give them the most use.

Sagot :

GinnyAnsweridn

Final answer:

Utility influences producers by guiding product creation, consumer satisfaction, and pricing strategies.


Explanation:

Utility plays a crucial role in influencing producers in the products they create for consumers. Understanding consumer utility helps producers in determining what products to create, the level of satisfaction consumers will derive from their products, and how to price their products to meet consumer demand efficiently. Producers strive to provide useful products that maximize consumer utility, leading to increased demand and market success.


Learn more about Consumer Utility and Producer Decision Making here:

https://brainly.com/question/13026351


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