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Utility is the satisfaction derived from the

Economics
JAMB 2013

Utility is the satisfaction derived from the

  • A. distribution of goods and services
  • B. use of goods and services
  • C. demand of goods and services
  • D. production of goods and services
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Correct Answer: Option B
Explanation

Utility is simply the satisfaction a consumer derives from the consumption of  goods and services.

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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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