Question

_________is defined as the destruction of utility contained in goods.
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Answer 1

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. However, some economists believe that they can indirectly estimate what is the utility for an economic good or service by employing various models.

 

Answer 2

Answer:

Economists is defined as the destruction of utility contained in goods.

Explanation:

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