multiple choice question\nwhich of the following does total utility refer to?\nquality of satisfaction a…

multiple choice question\nwhich of the following does total utility refer to?\nquality of satisfaction a person gets from a good or service\namount of satisfaction a person gets from a good or service\nprice a person pays for a good or service\ninsatiability of consumer wants

multiple choice question\nwhich of the following does total utility refer to?\nquality of satisfaction a person gets from a good or service\namount of satisfaction a person gets from a good or service\nprice a person pays for a good or service\ninsatiability of consumer wants

Answer

Brief Explanations:

Total utility in economics is defined as the total amount of satisfaction or pleasure a consumer derives from consuming a particular quantity of a good or service. It is not about the quality of satisfaction, the price paid, or insatiability of wants.

Answer:

Amount of satisfaction a person gets from a good or service