Question

what does the term utility means​

Answer 1

Answer:

• state of being useful, profitable, or beneficial
• an organization supplying the community with electricity, gas, water, or sewerage.

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Answer 2

Answer:

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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