For economists, the word “utility” means:

Related Mcqs:

In economics, the pleasure, happiness, or satisfaction received from a product is called ______?

A. marginal cost B. rational outcome C. status fulfillment D. utility...

According to economists, economic self-interest:

A. is a reality that underlies economic behavior B. has the same meaning as selfishness C. is more characteristic of men than of women D. is usually self-defeating...

Economies of Scale meaning ?

A. Cost on all products B. Reduced per unit Cost  C. Higher per unit Cost D. None of these...