Question

which term is used by economists to measure the satisfaction a person gets from the use or consumption of goods and services?

the concept of utility

nonmonetary costs and benefit

a cost - benefit ratio

marginal analysis

Explanation:

Economists use the term utility to specifically describe the satisfaction gained from consuming goods and services. The other options refer to cost-benefit evaluations or analytical methods, not the measure of consumption satisfaction.

Answer:

the concept of utility