Question

what do you understand by the terms utility and value?​

Answer 1

Answer:

Utility : It is a term in economics that refers to the total satisfaction received from consuming a good or service. Value : It is a measure of the benefit from a good or service to an economic agent

Answer 2

Answer:

Utility : It is a term in economics that refers to the total satisfaction received from consuming a good or service. Value : It is a measure of the benefit from a good or service to an economic agent.

Explanation:

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