Question

What role does utility LOADING... play in the economic model of consumer​ behavior? When modeling consumer​ behavior, utility A. reflects the enjoyment a consumer receives from consuming a particular set of goods and services. B. identifies the combination of goods and services that can be produced most efficiently. C. provides an objective measure of satisfaction from consuming a particular set of goods and services in units called​ "utils." D. identifies the consumer who receives the most satisfaction from consuming a particular set of goods and services. E. identifies the combination of goods and services that is least expensive.

Answer 1

Letter A is correct. Reflects the enjoyment a consumer receives from consuming a particular set of goods and services.

Step-by-step explanation:

The utility consumption model is one where the consumer buys something to satisfy the consumption needs and wants of a particular good or service. This model analyzes consumer behavior based on purchasing satisfaction, using disposable income to help increase the usefulness of the good and services.