Question

9. In economics, the term utility refers to what?

A. The price of a product
B. The usefulness of a product
C. The production cost of a product
D. The re-sale value of a product

Answer 1

I'm pretty sure the answer is B. the usefulness of a product

Step-by-step explanation:

Answer 2

B

Step-by-step explanation:

The term refers to the happiness, benefit, value or satisfaction a person gets from consuming the good or service.