Answered

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Fill in the blank:

The pleasure, satisfaction, or happiness obtained from consuming a good or service is known as ________. (one word)

Sagot :

GinnyAnswer

Final answer:

Utility is the satisfaction or happiness gained from consuming a good or service, crucial in consumer choices.


Explanation:

Utility is the pleasure, satisfaction, or happiness obtained from consuming a good or service. It is the level of satisfaction a consumer derives from a product or service. Economists refer to this satisfaction as utility, which is subjective and influences consumer choices.


Learn more about Economic Utility here:

https://brainly.com/question/42423777


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