Utility is:
A) a measure of income.
B) a measure of savings.
C) a measure of satisfaction.
D) a measure of expenditure.
C
Economics
You might also like to view...
If the owners of different types of resources, which are combined to produce an output, agree on organizational relationships that define their responsibilities toward one another they have formed a _____
a. group b. company c. distribution network d. team
Economics
Which of the following provides the best explanation for diseconomies of scale?
a. the firm is too small to take advantage of specialization. b. large management structures may be bureaucratic and inefficient. c. if there are too many employees, the work place becomes crowded and people become less productive. d. average fixed costs are rising.
Economics