4.8 Key Terms

Match each of the terms on the left with its definition on the right. Click on the term first and then click on the matching definition. As you match them correctly they will move to the bottom of the activity.

Question

consumption bundle
utility
utility function
A set of goods or services a consumer considers purchasing.
A mathematical function that describes the relationship between what consumers actually consume and their level of well-being.
A measure of how satisfied a consumer is.