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Business, 26.07.2019 14:30 19alexanderetha

What is the economic definition of utility? utility is a. the difference between the highest price a consumer is willing to pay and the price the consumer actually pays. b. the decrease in additional satisfaction consumers receive as they consume more of a good or service during a given period of time. c. the change in enjoyment or satisfaction a person receives from consuming one additional unit of a good or service. d. the enjoyment or satisfaction people receive from consuming goods and services. e. the sum of consumer and producer surplus?

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