Economy, asked by nunui79, 1 year ago

explain the various concept of utility

Answers

Answered by Anonymous

2

Explanation:

Utility is a loose and controversial topic in microeconomics. Generally speaking, utility refers to the degree of removed discomfort or perceived satisfaction that an individual receives from an economic act. For example, a consumer purchases a hamburger to alleviate hunger pangs and to enjoy a tasty meal.

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