The personal satisfaction someone gets from consuming goods and…
Question 9a of 25 - Utility and risk-aversion
- Maximum Attempts: 1
- Question Type: Multiple Choice
- Maximum Score: 2
- Question: The personal satisfaction someone gets from consuming goods and services is known as which of the following?
The correct answer is: Utility. Utility is the concept that economists use to measure a person's satisfaction with the outcomes they get from consumption.
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