Question

Utility is generally related to

• A. Satisfaction
• B. Necessity
• C. Usefulness
• D. None of these

Hint:

Utility measures subjective satisfaction, not just objective need.

Answer 1

The Correct Option is A

Step 1:
Utility in economics refers to the satisfaction or benefit a consumer derives from consuming a good or service.
Step 2:
While necessity and usefulness are related, the primary economic definition centers on satisfaction.
Step 3:
Therefore, the correct option is (A) Satisfaction.