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Economists use the term utility to mean: a) any characteristic of-(Answered)

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Question

Economists use the term utility to mean:

a) any characteristic of a good or service which cannot be measured.

b) the value of a product before it has been advertised.

c) the contribution a good or service makes to social welfare.

d) the satisfaction a consumer obtains from a good or service.

 

Paper#9209194 | Written in 27-Jul-2016

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