Answered: A good or service has utility if it O…

A good or service has utility if it O is useful. O is used in the production process. demonstrates scarcity. satisfies consumers. O is labor-saving.

Managerial Economics: A Problem Solving Approach

5th Edition

ISBN:9781337106665

Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor

Chapter3: Benefits, Costs, And Decisions

Section: Chapter Questions

Problem 3.6IP: Dropping University Courses Students doing poorly in courses often consider dropping the courses....

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Question

Don't use Ai. Answer in step by step with explanation. Vvvbbbbbbbvv

A good or service has utility if it
O is useful.
O is used in the production process.
demonstrates scarcity.
satisfies consumers.
O is labor-saving.

Definition Definition Structural system an enterprise uses to collect, store, report, retrieve, and process financial data. Accounting information systems are used by business analysts, auditors, accountants, and consultants for accurate and efficient access to financial data.

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