Explore BrainMass

How does utility affect economic decisions?

This content was STOLEN from BrainMass.com - View the original, and get the 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 September 20, 2018, 10:05 pm 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.