Fact checked by Ariel Courage Reviewed by Erika Rasure What Is Utility Function? A utility function measures a consumer’s preference and satisfaction with different goods or services. As part of ...
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Total Utility in Economics: Definition and Example
Total utility is the aggregate satisfaction that a consumer receives through the consumption of a goods or services. Total utility is often compared to marginal utility, which is the satisfaction a ...
Juan has been a home inspector for 10 years and runs a successful home inspection company in Richmond, VA. He loves inspecting homes, but his real passion is educating home owners and newer inspectors ...
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