Economy, asked by monuamitcool1011, 4 days ago

subjective units used to measure utility are called

Answers

Answered by sahu34909
1

Answer:

Utility is measured in units called "utils".

Explanation:

In economic theory, subjective utility is the satisfaction a consumer perceives to have received from consuming a product. ... Cardinal utility is a numeric measure of utility, where units of utility are called utils.

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