question 3\nto an economist, utility refers to the\n○ relative scarcity of a good.\n○ rate of decline in the…

question 3\nto an economist, utility refers to the\n○ relative scarcity of a good.\n○ rate of decline in the demand curve.\n○ usefulness of a good or service.\n○ satisfaction that results from the consumption of a good.

question 3\nto an economist, utility refers to the\n○ relative scarcity of a good.\n○ rate of decline in the demand curve.\n○ usefulness of a good or service.\n○ satisfaction that results from the consumption of a good.

Answer

Brief Explanations:

In economics, utility is a measure of the satisfaction or pleasure a consumer gets from consuming a good or service. It is not about relative scarcity, the rate of decline in the demand - curve, or just general usefulness.

Answer:

D. satisfaction that results from the consumption of a good.