Which of these terms means "the level of satisfaction a need or want provides"? 1.Choice 2.Scarcity 3.Utility 4.Opportunity cost

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Divyesh Patel · Answer 1 · 2016-09-17T09:29:12+0000

"Utility" would be the best option for "the level of satisfaction a need or want provides" in the realm of economics, since a person "utilizes" something in order to get this satisfaction.

Which of these terms means "the level of satisfaction a need or want provides"? 1.Choice 2.Scarcity 3.Utility 4.Opportunity cost

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