lebro8126 lebro8126
  • 02-11-2017
  • Business
contestada

What is the economic definition of​ utility?

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abrairak abrairak
  • 02-11-2017
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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stonespivey13
stonespivey13 stonespivey13
  • 24-08-2020

Answer:

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

Explanation:

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