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Question 37

In economics, the concept of utility means ___.

  • A.The total value of all the goods and services consumed
  • B.The amount of satisfaction we derive from consumption of goods and services
  • C.The utilization of goods and services
  • D.The monetary value of the goods we consume
Objective

Question details

Exam body
NDA
Subject
Economics
Year
2018/2019
Question no.
#37
Type
Objective
Previous · Q36In the diagram above, PS is the supply curve for a particular commodity, when OP… Next · Q38 The diagram below illustrates:

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