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Question
select a situation that describes the utility derived from purchasing a cell phone. retail price of your new cell phone time and energy spent choosing your new cell phone happiness from using your new cell phone
Utility in economics refers to the satisfaction or benefit a consumer gets from consuming a good or service. The happiness from using a new cell - phone represents the satisfaction derived, which is utility. The retail price is the cost, and the time and energy spent choosing are opportunity costs, not utility.
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happiness from using your new cell phone