Useful
Useless
Necessary
Satisfaction
Answer is Right!
Answer is Wrong!
The correct answer is: D. Satisfaction
Utility is a concept in economics that refers to the satisfaction or benefit that a consumer receives from consuming a good or service. It is often measured in units called “utils.” The more utility a consumer receives from a good or service, the more valuable it is to them.
The other options are not as closely related to utility.
- Useful: Something that is useful is something that can be used for a purpose. This is not necessarily the same as something that is satisfying. For example, a hammer is useful for hammering nails, but it may not be satisfying to use.
- Useless: Something that is useless is something that has no purpose. This is the opposite of useful.
- Necessary: Something that is necessary is something that is required or essential. This is not necessarily the same as something that is satisfying. For example, food is necessary for survival, but it may not be satisfying to eat.
I hope this helps!