question 1 which describes the economic idea of utility? amount of money consumers are willing to spend…

question 1 which describes the economic idea of utility? amount of money consumers are willing to spend content of advertising aimed at changing spending habits level of satisfaction consumers feel over purchases number of resources required to produce a good or service 1 pts

question 1 which describes the economic idea of utility? amount of money consumers are willing to spend content of advertising aimed at changing spending habits level of satisfaction consumers feel over purchases number of resources required to produce a good or service 1 pts

Answer

Brief Explanations:

Utility in economics refers to the satisfaction or pleasure a consumer derives from consuming a good or service. It measures the level of satisfaction consumers feel over purchases. The other options do not correctly define utility.

Answer:

level of satisfaction consumers feel over purchases