Utility is the satisfaction derived from the?

By: |Published on: Oct 22|Categories: Economics JAMB| 0 comments

A. distribution of goods and services
B. use of goods and services
C. demand of goods and services
D. production of goods and services

Correct Answer:

Option B – use of goods and services

Explanation

Utility is simply the satisfaction a consumer derives from the consumption of goods and services.

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