Which of the following statements reflects the modern concept of economic utility? A. Brian enjoys ice cream twice as much as he enjoys asparagus.
B. Utility measures a person's happiness.
C. Brian gains more utility from eating pizza than Susan does.
D. Brian prefers ice cream to asparagus.

Match each definition in column 1 with a vocabulary word from column 2." some of the entries in column 2 do not apply costs which do not change with the level of output costs which change with the level of output the change in total costs resulting from an increase in output by one unit function showing the quantities of a particular good demanded at a range of price when the quantity supplied of a good is greater than the quantity demanded when the quantity demanded for a particular good is greater than the quantity supplied the price and quantity determined in a market when the supply equals the demand when revenue exceeds costs when costs exceeds revenue output where revenue = costs