Choose the best/correct answer.
___1. Anything that satisfied someone.
A. Needs C. Desires
B. Wants D. Willingness
___2. A place where buyers and sellers interact together.
A. Social media C. Market
B. Business Area D. Classified Ads
___3. It is the satisfaction derived from the consumption of a commodity.
A. Total utility C. Disutility
B.
___4. It is the change of total utility over the change of quantity.
A. Total utility C. Disutility
B. Marginal utility D. Utility
___5. It is the foregone value when a firm is engaged in production.
A. Cost C. Revenue
B. Profit D. Interest
Trending now
This is a popular solution!
Step by step
Solved in 2 steps