Utility is the satisfaction derived from the

  • A distribution of goods and services
  • B use of goods and services
  • C demand of goods and services
  • D production of goods and services
jamb 2013economics

The correct answer is B. use of goods and services

Utility is the satisfaction derived from the use of goods and services.

It is a measure of the relative satisfaction from, or desirability of, the consumption of goods and services.

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