What determines the utility an individual receives from consuming a good? Select one: a. The individual’s own preferences. b. The demand and supply curves for that good. c. The producers conducting customer feedback surveys of that good and the feedback provided.   (10) Denzel bought headphones two months ago, Solo2 Beats by Dre, for $130. He gives them to his little brother and goes online to buy another for himself but they are now $160. What is the percentage change in the headphone’s price? Select one: a. 23% b. 30% c. 21%

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A: Answer is given below

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A: Note:  We’ll answer the first question since the exact one wasn’t specified. Please submit a new…

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A: The answer is as follows:-

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A: Utility: It means total satisfaction received from the consumption of goods and services.

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A:

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A: Since you have posted a question with multiple sub-parts, we will solve the first three subparts for…

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A: Since you have asked multiple questions, we will solve the first question for you. If youwant any…

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A: Answer to the question is as follows: