Examples of 'total utility' in a sentence
Meaning of "total utility"
total utility: The overall satisfaction or value derived from consuming or using all units of a particular good or service
How to use "total utility" in a sentence
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total utility
Which yield the same total utility.
Total utility costs of the facility.
Distinguishing between total utility and marginal utility.
Total utility reaches maximum when marginal utility is zero.
Marginal utility and total utility.
When total utility is maximum.
When a consumer is maximizing total utility.
Divide the difference in total utility over the difference in units.
Total utility costs.
Define the total utility.
Total utility is the satisfaction experienced from consuming a certain amount of a good.
How to calculate total utility.
Notice that total utility is also the sum of the marginal utilities.
An important distinction must be made between total utility and marginal utility.
Total utility capacity of the sector is high but has serious regional imbalances.
See also
Price of a commodity depends on its marginal utility and not on total utility.
Note that the total utility from water is greater than the total utility from diamonds.
The price of bitcoin is derived from the total utility of the bitcoin network.
Total Utility is the utility from all units of consumption.
You just choose the option with the highest expected total utility.
Let us learn what is meant by Total Utility and Marginal Utility.
The RPS represents the renewable energy used by customers as a percentage of total utility sales.
It is thus possible to determine the total utility of the two decision makers A and B.
Total utility decreases, but marginal utility rises.
Consumer surplus represents the difference between total utility of a good and its market cost.
How is total utility derived from marginal utility?
At some level of consumption, your total utility will be at a maximum.
How do total utility and marginal utility from consumption change over time?
That is, human beings strive to maximise their total utility.
Are you maximizing total utility or average utility?
The price of a product is related to its marginal utility, not its total utility.
What is the distinction between total utility and marginal utility?
The marginal utility of the first row is simply that row 's total utility.
On the other hand, total utility is the utility derived from total units consumed.
Of commodity X per unit of time, total utility increases.
Total utility received from a transaction, then, is the sum of acquisition utility and transaction utility.
How would her total utility change?
Total utility depends on the level of consumption-more consumption generally gives more total utility.
I get the same total utility. I get the same total utility.
Total Utility ( TU ) implies overall level of satisfaction derived from a good by a consumer.
In other words, the total utility of demand ― which we shall call α T.
Total utility - The total satisfaction gained from consuming a certain quantity of product.
Distinguish between Total Utility and Marginal Utility ( or additional utility ).
Change in total utility that results from a one-unit increase in the quantity of a good consumed.
Average Utility, The total utility in each row divided by the quantity of goods purchased . [ 13 ].
If total utility is increasing, marginal utility,.
What level of total utility will the utility-maximizing consumer realize?
Unit 6, Total utility assessment ( market values ) ( January ) - Acquiring concepts and methods to assess a project.
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