JAMB Economics 2020 Objective — Question 12

Question 12 of 50 from the Joint Admissions and Matriculation Board (JAMB) Economics 2020 Objective paper, with the correct answer and a full explanation.

Utility is the satisfaction derived from the

A. distribution of goods and services
B. use of goods and servicesCorrect
C. demand of goods and services
D. production of goods and services

Explanation

Utility is the satisfaction a consumer derives from actually using (consuming) goods and services.

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