Economics Dictionary of ArgumentsHome | |||
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Average Utility - Economics Dictionary of Arguments | |||
Average utility: Average utility, in economics, refers to the total utility derived from consuming a certain quantity of a good or service, divided by the quantity consumed. It measures satisfaction per unit._____________Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments. | |||
Author | Item | More concepts for author | |
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Rawls, John | Average Utility | Rawls, John | |
Ed. Martin Schulz, access date 2024-04-24 |