Define utility . When it can be negative?
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Negative Utility is that utility where if the consumption of a commodity is carried to excess, then instead of giving any satisfaction, it may cause dis-satisfaction. The utility is such cases is negative.
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Utility is a term that refers to the total satisfaction received from consuming a good or service.
Negative Utility is that utility where if the consumption of a commodity is carried to excess, then instead of giving any satisfaction, it may cause dis-satisfaction. The utility is such cases is negative.
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