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Total utility is the aggregate satisfaction that ... Encyclopedia of Law and Economics. "Rational Choice Theory in Law and Economics," Page 792. The Library of Economics and Liberty.
In economics, utility is a term used to determine the worth or value of a good or service. More specifically, utility is the total satisfaction or benefit derived from consuming a good or service.
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Total Utility in Economics: Definition and ExampleTotal utility helps economists understand the demand for goods and services. In economics, utility refers to the satisfaction gained from consuming a good or service. Total utility is usually ...
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