Explore BrainMass
Share

Explore BrainMass

    How does utility affect economic decisions?

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    If the consumer is rational, how can utility affect their economic decisions? Does utility lead to more or less customer satisfaction?

    © BrainMass Inc. brainmass.com October 10, 2019, 4:19 am ad1c9bdddf
    https://brainmass.com/economics/utility/how-does-utility-affect-economic-decisions-455999

    Solution Preview

    Rational consumers always act to maximize their utility. They will ...

    Solution Summary

    This solution defines the economic concept of utility and explains how utility affects the economic decisions of rational consumers.

    $2.19