The ability of a good or service to satisfy wants

The ability of a good or service to satisfy wants is called:utility maximization. opportunity cost. revenue potential. utility.
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What explains why businesses produce a good or a service? (1 point)• The good or service is in demand. • The good or service
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Introduction to Economics Unit Test7 of 217 of 21 Items Question Define utils.(1 point) Responses Utils are the power of a
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1. what is supply in the free marketa the amount of a good or service b the benefits of a good or service **** c the demand of a
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What is supply in the free market?• the amount of a good or service • the benefits of a good or service • the demand for a
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What does excludability mean for goods and services?The good or service has a higher social cost than private cost An excludable
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Which trait is associated with good social health?A. Ability to learn from your mistakes B. Ability to get along with others C.
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Which trait is associated with good social health?A. ability to do daily tasks without getting too tired B. ability to recognize
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Which trait is associated with good social health?(1 point) ability to learn from your mistakes ability to get along well with
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Which trait is associated withgood social health? (1 point) ability to learn from your mistakes ability to get along well with
1. 1 answer
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