Question

The general pattern that consumption of the first few units of any good tends to bring a higher level of _______ to a person than consumption of later units is a common pattern. utility marginal benefit opportunity cost sunk costs

Answer 1

The answer from the given options is "utility".

"Utility" is a financial term which is used in economics and was acquainted by Daniel Bernoulli alluding with the aggregate fulfillment got from expending a good or services. The economic utility of a goods is imperative to comprehend in light of the fact that it will specifically impact the request, and therefore cost, of that goods.