Question

How does utility differ from pleasure, usefulness, and satisfaction in economics?

Options

• Utility and pleasure always mean the same

• Only utility determines demand, not satisfaction

• Usefulness is always greater than utility

• Utility has its own economic meaning distinct from the others

Answer 1

Utility has its own economic meaning distinct from the others

Explanation:

In economics, utility has a specific meaning,want-satisfying power,which differs from pleasure, usefulness, and satisfaction.