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Question Practice

In economics, what does 'utility' refer to?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 12
Economics
Introductory Microeconomics
Introduction
Question Bank

In economics, what does 'utili...

Single Answer MCQ
Q-00089224

In economics, what does 'utility' refer to?

1

The total production of goods

2

Satisfaction derived from consumption

3

Market value of services

4

Efficiency in production methods

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