Advertisements
Advertisements
प्रश्न
Define utility.
Advertisements
उत्तर
Utility is the satisfaction derived from the consumption of a particular good in the market. Let us consider any two bundles. If one is preferred to the other, then the preferred bundle gets assigned a higher utility. If the two bundles are indifferent, then they are assigned the same utility number.
shaalaa.com
या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
