The utility is generally related to. A. Satisfaction B. Necessary C. Useless D. Useful
Question
The utility is generally related to. A. Satisfaction B. Necessary C. Useless D. Useful
Solution
The utility is generally related to A. Satisfaction. This is because in economics, utility refers to the satisfaction or benefit that a consumer receives when they consume a good or service.
Similar Questions
The total satisfaction received from consuming a good or service is called utility. True False
The concept of utility can be measured objectivelyTrueFalse
Explain Utility
How do you achieve usefulness in design?By combining utility (whether the system offers the right features to solve a problem) and usability (whether people are able to use those features)1By combining usefulness, explicability, simplicity, scalability, and addictiveness2By combining learnability, efficiency, memorability, error tolerance, and satisfaction3None of the above4ReportConfirm
Item11pointseBookHintPrintReferencesItem 1Total utility is best defined as theMultiple Choicechange in marginal utility multiplied by the price of a product.maximum amount of satisfaction from consuming a product.total satisfaction received from consuming a good, service, or combination of goods and services.additional satisfaction received from consuming an additional unit of a good or service.
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