Question

the satisfaction that comes from consuming goods and services is called select . question 2 the goal of consumer choices is to maximize utility. true false question 3 the additional satisfaction from consuming an additional unit of a good or service is positive utility marginal returns negative utility marginal utility

Explanation:

Question 1 (Fill - in - the - blank)

In economics (a subfield of Business), the satisfaction derived from consuming goods and services is defined as utility. So the term for this satisfaction is "utility".

In consumer theory (part of Economics in Business), the main goal of consumers when making choices about what to buy is to maximize their utility (the satisfaction from consumption). So the statement is True.

• "Positive utility" is a general term for when consumption gives positive satisfaction, not specifically about additional units.
• "Marginal returns" is more related to production (output from additional inputs), not consumption.
• "Negative utility" is when consumption gives dissatisfaction, opposite of what's asked.
• "Marginal utility" is defined as the additional satisfaction from consuming one more unit of a good or service.

Answer:

utility

Question 2 (True/False)