Economy, asked by sweety1553, 1 year ago

what is utility ? briefly explain any three features of utility.​

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Answered by shailesh1211
11

the satisfaction drived from the consumption of commodities is known as utility

FEATURES

  1. utility continuously decreases with increase in level of consumption
  2. utility can be negative
  3. utility shows the willingness of a person to buy the commodity

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Answered by Anonymous
8

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