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QUESTION IMAGE

select a situation that describes the utility derived from purchasing a…

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

Explanation:

Brief Explanations

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.

Answer:

happiness from using your new cell phone