Economics: Principles, Problems, and Policies, 19th Edition

Published by McGraw-Hill Education
ISBN 10: 0073511447
ISBN 13: 978-0-07351-144-3

Chapter 1 - Limits, Alternatives, and Choices - Questions - Page 20: 3


Utility is the pleasure, happiness, or satisfaction obtained from consuming a good or service. This relates to purposeful behavior because consumers act in a purposeful manner to ensure they maximize satisfaction or utility. Weighing the cost and benefit of their decision is purposeful and done so to ensure that their utility is increased to a reasonable level.

Work Step by Step

Human behavior is focused on self interest. Seeing as utility is the maximization of a human's happiness, pleasure, or satisfaction it would make sense that humans act in a purposeful manner to increase their own happiness.
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.