Question

what is use of utility called only one word answers​

Answer 1

Explanation:

Utility is a term in economics that refers 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 directly influences the demand, and therefore price, of that good or service.

Answer 2

Answer:

In economics, the utility function measures the welfare or satisfaction of a consumer as a function of consumption of real goods such as food or clothing. ... Assigning a value of utility is called cardinal utility, and the metric used to it is called utils.

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