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The concept of utility is fundamental to utilitarianism and describes the a. optimal distribution of wealth in society. b. level of satisfaction derived from a person's circumstances. c. method by which
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The concept of utility is fundamental to utilitarianism and describes the a. optimal distribution of wealth in society. b. level of satisfaction derived from a person's circumstances. c. method by which society chooses to allocate resources.

User Adeynack
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Answer: level of satisfaction derived from a person's circumstances.

Step-by-step explanation:

The utility a consumer derives from a product/service is the measure of the level of satisfaction the consumer derive from the product/service chosen. Utility can also be defined as the level of usefulness of a product to an end user.

User Yannick Smits
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