Question

In consumer​ theory, utility is

A. the​ want-satisfying power of a good or service.
B. the worth of a good as a team member in combination with other goods.
C. the usefulness of a good or service in performing several different functions.
D. the relation a good or service has to​ gas, electric and water services.

Answer 1

A. the​ want-satisfying power of a good or service.

Step-by-step explanation:

Utility meaning the want that satisfies the consumer after consuming the product or service. It directly impacts the demand of the product and the price of the good and service that are offered by the company to the consumer

Therefore according to the given option, the options A is correct and the same is to be considered