Question

Which is referred to as utility? o effectiveness of advertising O consumer satisfaction O producer allocation O availability of resources​

Answer 1

consumer satisfaction

Step-by-step explanation:

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Answer 2

consumer satisfaction

Step-by-step explanation:

Given that based on economics, the UTILITY term is described to be a form of total satisfaction derived by the consumers following the consumption of goods or services.

Hence, in this case, the correct answer to define Utility is "consumers satisfaction"