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Question
question 10 0.5 pts a util is an artificial construct used as a means of measuring the satisfaction one receives from the consumption of a good. price of a good. costs of producing a good. difference between the price and the value of a good.
Brief Explanations
In economics, a util is a unit for measuring the satisfaction or happiness (utility) a consumer gets from consuming a good or service. It's a way to quantify subjective well - being.
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satisfaction one receives from the consumption of a good.