Suggest a new Definition Proposed definitions will be considered for inclusion in the Economictimes.com Utility What is Utility? However, some analysts say that they may infer the value of an economic commodity or service by utilising multiple models. Origin of Utility
Different kinds of utility Total Utility
Marginal Utility
What is the Expected Utility?
Cardinal Utility approach Ordinal Utility approach What is the fundamental difference between positive, negative and zero marginal utility? What is the diminishing Marginal utility law? How are the marginal Utility and total Utility associated? What is the average utility? Disclaimer: This content is authored by an external agency. The views expressed here are that of the respective authors/ entities and do not represent the views of Economic Times (ET). ET does not guarantee, vouch for or endorse any of its contents nor is responsible for them in any manner whatsoever. Please take all steps necessary to ascertain that any information and content provided is correct, updated and verified. ET hereby disclaims any and all warranties, express or implied, relating to the report and any content therein.
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