Ask Question
13 October, 19:32

Utility theory seeks to measure:a. satisfaction. b. supply. c. costs. d. profits. e. ability

+1
Answers (1)
  1. 13 October, 23:17
    0
    Answer: Satisfaction

    Explanation: As per the utility theory, every decision that a rational individual makes regarding making choice between two different alternatives, that decision depends on the level of satisfaction the individual gets from either choice.

    Utility theory suggest that the individual makes choices that gives them highest level of satisfaction.

    Hence, the correct option is A.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Utility theory seeks to measure:a. satisfaction. b. supply. c. costs. d. profits. e. ability ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers