Dana would likely be teaching his son about A. economic utility. Economic utility refers to the satisfaction or value a consumer perceives they receive from purchasing goods or services. Since Dana has a deep understanding of perceived value and wants to convey this concept to his son, focusing on economic utility would be relevant and appropriate in this context.
As a business owner who sells products to customers in a consumer who purchases products from other sell it sellers Dana 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 Dana tell us that he will be teaching him about?
A. economic utility
B. voluntary exchange
C. factors of production
D. oppurtunity costs
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