Question

define the term
utility​

Answer 1

The state of being useful, profitable, or beneficial.

Answer 2

Answer:

What Is Utility?

Utility is a term in economics that refers to the total satisfaction received from consuming a good or service. Economic theories based on rational choice usually assume that consumers will strive to maximize their utility. The economic utility of a good or service is important to understand, because it directly influences the demand, and therefore price, of that good or service. In practice, a consumer's utility is impossible to measure and quantify.

Explanation:

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