Printer Friendly
Dictionary, Encyclopedia and Thesaurus - The Free Dictionary
3,897,041,004 visitors served.
forum Join the Word of the Day Mailing List For webmasters
?
Dictionary/
thesaurus
Medical
dictionary
Legal
dictionary
Financial
dictionary
Acronyms
 
Idioms
Encyclopedia
Wikipedia
encyclopedia
?

Total Utility

    0.01 sec.
Total Utility
In economics, the level of satisfaction a person derives from a good or service. Utility is inherently subjective and thus difficult to measure, but it is important to determining how much supply of a product the market can handle without diminishing demand. Historically, it has been thought that one can quantify the utility of each unit, but some economists disagree with this. See also: Austrian school, Law of Diminishing Marginal Utility.


Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content.
?Page tools
Printer friendly
Cite / link
Feedback
Add definition
Mentioned in?  References in periodicals archive?   Financial browser?   Full browser?
No references found
 
A 2001 study considered total utility costs for a seasonal period but only evaluated a variety of simple control strategies (Braun et al.
25) Thus, ability matters not for its own sake, but as evidence, in turn, of something else--people's total utility and marginal utility, the latter of which describes how much one's total utility would change if additional resources were given to or taken away from one.
00 Owens-Corning PPG Industries Fiberglass (186) Ohio (338) 2 Abbott Laboratories Eaton (234) (109) 3 Arthrocare (69) Alcoa (160) Note: Number in parentheses is total utility patents for time period.
 
 
 
Financial Dictionary
?

Terms of Use | Privacy policy | Feedback | Advertise with Us | Copyright © 2012 Farlex, Inc.
Disclaimer
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.