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Personal satisfaction derived from consuming goods and services is known as "utility." It reflects the pleasure or benefit that individuals receive from their consumption choices, which can vary widely based on personal preferences, needs, and experiences. Higher utility often leads to greater overall happiness and fulfillment in life.

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6mo ago

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What do economists use to measure the personal satisfaction someone gets from consuming goods and services?

Utility because it's a term in economics that refers to the total satisfaction received from consuming a good or service.


Economics measures the personal satisfaction someone gets from consuming goods and services with the concept of?

Economics measures personal satisfaction from consuming goods and services through the concept of utility. Utility refers to the pleasure or benefit derived from consumption, which can vary among individuals based on preferences and circumstances. This concept helps economists analyze consumer behavior and make predictions about how people allocate their resources to maximize their overall satisfaction.


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What service does a personal injury attorney provide?

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Ultimate Fitness offers a range of services to help someone become fitter. These include gym sessions, fitness bootcamps and personal training sessions.


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