Aycla123
Aycla123 Aycla123
  • 14-12-2017
  • Business
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PLEASE HELP ME

Why do economists try to measure and understand utility?

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hughes47570
hughes47570 hughes47570
  • 14-12-2017
The law of diminishing marginal utility helps economists understand the law of demand and the negative sloping demand curve.In order to determine what a consumer's utility and total utility are, economists turn to consumer demand theory, which studies consumer behavior and satisfaction.
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