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.
The Ownership of a Public Limited Company is made up of ...
The tailoring services is competitive partly because it consists of a large number of ...
Petrol and Kerosene are jointly obtained from crude oil. If the supply of petrol increases, the ...
Risk bearing and managerial control are the main function of the ...
An important function of the price system is to ...
If the production of a large firm is higher than that of a small firm, it is experiencing ...
The demand curve for a commodity is downward sloping because the consumer will pay ...
A change from one industry to another by a worker is an example of ...