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Asked by Jean

what is meant by the term"utility" and how does the idea relate to purposeful behavior?
16 years ago

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Answered by economyst
Utility is relative measure of happiness/pleasure/satisfaction.

See http://en.wikipedia.org/wiki/Utility

If consuming good A gives a person more utility than good B, then that person would pay more for A than B.
16 years ago
Answered by osman
utility and how does the idea relate purposeful behavior
15 years ago

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