what is concerned with utility ????
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Answer:
life is concerned with utility
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Utility
Explanation
- Utility is all about the maximum satisfaction that a consumer received after consuming all those units which satisfy him and his pocket.
- The consumer select his units rationally up to the maximum level of expenditure that he can consume.
- It is all related to economy.It is measured in Utils.
- It is concerned with demand and price of goods and services.
- In utility the consumer reaches to maximize his level of satisfaction.
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