You can measure an items utility by seeing how much

A. a consumer pay for it

B. satisfaction a costumer gets from it

C. demand changes with income

D. is produced

Answers

Answer 1
The answer is A how ever much a customer is willing to pay will determine its utility
Answer 2

Utility measures the satisfaction or usefulness an item provides to a consumer, making option B (satisfaction a customer gets from it) the correct answer. Utility is key in understanding consumer choices, emphasizing the law of diminishing marginal utility.

The question asks, “You can measure an item's utility by seeing how much satisfaction a customer gets from it.” This is true, as utility is an economic measure of the usefulness or satisfaction obtained from consuming goods and services. According to economic theory, utility is subjective and varies from one individual to another, depending on each person's preferences and needs. For instance, the law of diminishing marginal utility suggests that as a person consumes more of a good, the additional satisfaction received from each additional unit declines. This helps explain why consumers make the choices they do, seeking to maximize the satisfaction or utility they receive.

Thus, the correct answer is B. satisfaction a customer gets from it.


Related Questions

Q; A short block includes all of the following except

A:cylinder heads.

Answers

Answer:

Hi The answer is cylinder heads.

Explanation:

A short block is defined as an engine assembly that includes the engine block, camshaft, timing set, pistons, rods, and crankshaft installed. So as stated in the answer, a short block does not include cylinder heads.

Answer:

the correct answer is A

Explanation:

Which benefit is the result of competition?
a. Increased efficiency
b. incentive to work harder
c. development of new markets
d. control of the business cycle

Answers

The benefit of the result of competition is increased efficiency.

A: Increased efficiency can be defined as the ability to do something on time i.e without wasting time. Efficiency can be increased by companies when they give duties to qualified employees who will do their job well. This can also be achieved by recognizing  workers for a job well done. This will make them feel good and encourage them to continue to increase their productivity.

Answer:

The benefit of the competition is C

the development of new markets

Explanation:

If there is competition in any type of market (more offer of the product or service) the result is the improvement of the product, the development of new ways of having customers to differentiate themselves from the competition

The Battle of the Bulge _____.

Answers

Was significant because it marked the Last German offensive.

Which of the following best summarized the united states goal in the war of 1812?
A)Taking Britain’s North American land holdings by force
B)Forcing the British to trade only with the United States
C)Making Britain cease hostilities against the United States

Answers

The answer would be C

How can a production schedule help a business owner?

Answers

It helps a business owner because it help the flow of the company

How were Savannah and Brunswick economically impacted by WWII?

Answers

These two ports were where they inported and expoted goods in Georgia. During WWII they also built Liberty ships for the war and this provided lots of jobs for people, which was needed in Georgia since many people were unemployed.

Which statement best describes the lesson we can learn from Lupe's experience?
a.It’s too much work to open a checking account.
b.It’s only important to track large amounts in personal records.
c. It’s important to keep accurate records.
d.It’s best to use only one document to track spending.


ANSWER IT'S C!

Answers

The answer is: c. It’s important to keep accurate records.

In cases when the people from authority need to conduct an audit to our financial information, they will crosschecks the accounting records that we have with the actual proof of the transaction (slips, bank statement, cheques, etc). If, there are some inaccuracies in the records, they could use it as a proof to indict us for financial frauds even if it's a honest mistake on our part.

Answer:

C. It’s important to keep accurate records.

Which is not a property of magnets?

Answers

Are there any answer choices?

Which committee sends political leaders to certain states to campaign for their party's candidate?
campaign
national
election
bipartisan

Answers

The correct answer is: National committee.

The national committee is in a political party responsible, through its members, to represent the political party in the various geographical areas of the country, among its main tasks is the supervision of national conventions and campaign planning.

I hope this answer can help you.

Answer:

I think it is the national committee

Explanation:

which statement best decribes the us governments role with the banking industry at the beginning of the depression?​

Answers

Please show the statements :)

Answer:

The government had little involvement with the monitoring the health of banks.

Explanation:

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