PU-MET : Panjab University MBA Entrance Exam with MCQ Answers 2014

Practice Mode:
28.

In Economics, the term "utility" is defined as:

A: The system of basing the price of a good on its usefulness to society
B: The usefulness of a good
C: The usefulness of a theory to explain price determination
D: The total satisfaction received from consumption of a good

The answer is: D