Question

Consumers receive happiness from consumption of goods and services. This overall level of happiness is referred to as (A) Marginal utility (B) A budget constraint (C) Opportunity cost (D) Total utility (E) A positive externality

Answer 1

(D) Total utility

Step-by-step explanation:

Total utility represents the overall satisfaction or happiness that consumers derive from the consumption of goods and services. It reflects the cumulative level of benefit or pleasure that individuals obtain from the total consumption of a product or service, considering all units consumed.

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