Microeconomics: Principles, Problems, & Policies, 20th Edition

Published by McGraw-Hill Education
ISBN 10: 0077660811
ISBN 13: 978-0-07766-081-9

Chapter 1 - Limits, Alternatives, and Choices - Discussion Questions - Page 21: 3

Answer

Utility comprises the pleasure obtained from consuming a service or a product. Utility influences ‘purposeful behavior’ because consumers tend to go for the things that contribute to the maximization of the happiness.

Work Step by Step

Purposeful behavior is dependent on the pleasure that is obtained from consuming particular services and goods.
Update this answer!

You can help us out by revising, improving and updating this answer.

Update this answer

After you claim an answer you’ll have 24 hours to send in a draft. An editor will review the submission and either publish your submission or provide feedback.