who determines how much utility an individual will receive from consuming a good?

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07-10-2021
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who determines how much utility an individual will receive from consuming a good?

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Alawt295idn Alawt295idn · Answer 1 · 2021-10-07T13:37:13-04:00

Alawt295idn Alawt295idn

07-10-2021

Answer:

Individuals are the only judge of their own utility. In general, greater consumption of a good brings higher total utility. However, the additional utility received from each unit of greater consumption tends to decline in a pattern of diminishing marginal utility.

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