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What do economists use to measure the personal satisfaction someone gets from consuming goods and services?
Wiki User
∙ 12y ago
Utility because it's a term in economics that refers to the total satisfaction received from consuming a good or service.
Xio Gonz
Wiki User
∙ 12y agoUtility - APEX
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What concept do economists use to measure the satisfaction a person gets from the use or consumption of goods and services?
The concept of utility is a measure of consumer satisfaction.
WHAT Economists Use The Concept Of To Measure The Satisfaction A Person Gets From The Use Or Consumption Of Goods And Services.?
The concept of utility is a measure of consumer satisfaction.
Utility is the concept that economists use to measure the a person gets from the use or consumption of goods and services.?
satisfaction
What Utility is the concept that economists use to measure the a person gets from the use or consumption of good and services?
Satisfaction
Economists use the concept of what to measure the satisfaction a person gets from the use or consumption of a good and services?
Utility
WHAT Economists Use The Concept Of To Measure The Satisfaction A Person Gets From The Use Or Consumption Of Goods And Services.?
The concept of utility is a measure of consumer satisfaction.
What concept do economists use to measure the satisfaction a person gets from the use or consumption of goods and services?
The concept of utility is a measure of consumer satisfaction.
Utility is the concept that economists use to measure the a person gets from the use or consumption of goods and services.?
satisfaction
Economists use the concept of what to measure the satisfaction a person gets from the use or consumption of a good and services?
Utility
What Utility is the concept that economists use to measure the a person gets from the use or consumption of good and services?
Satisfaction
Which of the following is uded by economists to measure the satisfaction a person gets from the use or consumption of goods and services?
The concept of utility.
What is the difference between utility and satisfaction?
"Total utility is the aggregate sum of satisfaction or benefit that an individual gains from consuming a given amount of goods or services in an economy." Check out the related link to learn more about utility and satisfaction.
Measurement of personal satisfaction of wants and needs gained from the use or consumption of goods and services.?
Its a Utility ~
What measurement of personal satisfaction of want and needs gained from the use or consumption of goods and services?
Its a Utility ~
What economists talk about utility what does it refer to?
economic utility; refers to the level of economic relevance,significance or usefulness of a given type and degree of consumption and production towards a given economic end. An economic end can be: 1-profit maximization 2-well fare maximization etc economic utility can be increasing,decreasing or constant depending on its economic utility reaction.
True or false Economists study the processes of the human mind?
False - economists are concerned with the production and consumption of goods and services and the analysis of the commercial activities of a society
What do economists call the physical thing's that firms make (things that can be seen or touched )?
Economists call the things that firms sell which cannot be touched or seen goods and services.
