kaylijoiner2005 kaylijoiner2005

03-06-2024
Business

Answered

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

Verified Answer :

GinnyAnswer GinnyAnswer

03-06-2024

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.

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