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: 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.
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