Geography, asked by homamale, 5 hours ago

what is utility? answer plz​

Answers

Answered by piyushkumarsharma797
3

Answer:

Utility is a term in economics that refers to the total satisfaction received from consuming a good or service. Economic theories based on rational choice usually assume that consumers will strive to maximize their utility. ... In practice, a consumer's utility is impossible to measure and quantify

Answered by jitupatil1947
0

Explanation:

Utility is a term in economics that refers to the total satisfaction received from consuming a good or service. Economic theories based on rational choice usually assume that consumers will strive to maximize their utility. ... In practice, a consumer's utility is impossible to measure and quantify.

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