cheyanneshiveroutf8w cheyanneshiveroutf8w

07-06-2019
Mathematics

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What is economic utility

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TheBlueFox TheBlueFox

07-06-2019

Hello There!

Economic utility is the amount of satisfaction a consumer receives from the consumption of a particular product or service.

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stonespivey13 stonespivey13

24-08-2020

Answer:

The capacity of a good or service to meet the demand of a consumer. The amount of economic utility of a good or service determines what the demand will be for that good or service, which impacts the price that people will be willing to pay to obtain it

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