What term do economists use to refer to the satisfaction that an individual expects to receive from consuming a good or service?

a. Utility.
b. Response.
c. Usability.
d. Demand.
e. Desirable.

a

Economics

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Refer to the scenario above. What is the sum of the present values of the returns from this investment?

A) $12,887.64 B) $14,634.90 C) $19,524.69 D) $29,524.19

Economics

If more insurance companies decide to cover part of the price of voluntary laser eye surgery and more doctors decide to enter the field of laser eye surgery, what will happen in the market for laser eye surgery as a result of these two factors?

A) Demand and supply will both increase. B) Demand will increase, but these two factors will not shift the supply curve. C) Supply will increase, but these two factors will not shift the demand curve. D) Demand will increase and supply will decrease.

Economics