Question

What role does utility play in the economic model of consumer​ behavior? When modeling consumer​ behavior, utility A. reflects the enjoyment a consumer receives from consuming a particular set of goods and services. B. provides an objective measure of satisfaction from consuming a particular set of goods and services in units called​ "utils." C. identifies the consumer who receives the most satisfaction from consuming a particular set of goods and services. D. identifies the combination of goods and services that can be produced most efficiently. E. identifies the combination of goods and services that is least expensive.

Answer 1

Answer:

A. reflects the enjoyment a consumer receives from consuming a particular set of goods and services

Explanation:

When modeling consumer​ behavior, utility reflects the enjoyment a consumer receives from consuming a particular set of goods and services