What is utility?
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Posted by Rinki Gupta 5 years ago
- 4 answers
Yogita Ingle 5 years ago
It is a measure of satisfaction an individual gets from the consumption of the commodities. In other words, it is a measurement of usefulness that a consumer obtains from any good. A utility is a measure of how much one enjoys a movie, favourite food, or other goods. It varies with the amount of desire.
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Lakshmi Sakshi 5 years ago
0Thank You