Question

9. In economics, the term utility refers to what?
A. The price of a product
B. The usefulness of a product
C. The production cost of a product
D. The re-sale value of a product

Answer 1

Answer:

B

Explanation:

The term refers to the happiness, benefit, value or satisfaction a person gets from consuming the good or service.

Answer 2

Answer:

I'm pretty sure the answer is B. the usefulness of a product

Explanation: