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 ...
Hosted on MSN
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 ...
Some results have been hidden because they may be inaccessible to you
Show inaccessible results
Feedback