As a business owner who sells products to customers and a consumer who purchases products from other sellers, Dinesh has a deep understanding about the perceived value received when purchasing a good or service. He decides to teach his son, who will eventually take over the business, about this concept. What does Dinesh tell his son that he will be teaching him about? (1 point) Responses Economic utility Economic utility Voluntary exchange Voluntary exchange Factors of production Factors of production Opportunity costs

Answer 1

Dinesh will be teaching his son about economic utility.