Utility is the satisfaction derived from____________
...Utility is the satisfaction derived from____________
Production
Distribution
Consumption
Demand
Correct answer is C
Utility is an economic term introduced by Daniel Bernoulli referring to the total satisfaction received from consuming a good or service.
A persistent rise in the prices of inputs will lead to ...
The invisible hand promotes the interests of ...
Parallel markets are usually the results of ...
International trade is necessary mainly because ...
A country is allowed to import just 50,000 tonnes of rice annually. This describes ...
From the table, the mean of the distribution is ...
The bowed shape of the Production possibilities curve illustrates _________ ...
The imposition of high income tax by government to cut down demand is known as ...