Business Studies, asked by joxhzuz3540, 1 year ago

What is mining of utility

e.on generation?

Answers

Answered by vikram991
29
Utility is an economic term introduced by Daniel Bernoulli referring to the total satisfaction received from consuming a good or service. The economic utility of a good or service is important to understand because it will directly influence the demand, and therefore price, of that good or service. A consumer's utility is hard to measure, however, but it can be determined indirectly with consumer behavior theories, which assume that consumers will strive to maximize their utility.
Answered by Yashas2007
2

Answer:

I THINK HE INTRODUCED MINING OF UTILITY NAME DANIEL BERNOUILLI

MARK AS BRAINLIST ANSWER

Similar questions