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单词 total utility
释义 total utility

A measure of the total welfare of an individual. This is only meaningful on the assumption that utility is cardinal, that is, measurable. Total utility is assumed to be a function of the quantities of goods and services consumed and the quantities of various forms of work done. A practical difficulty in applying the concept is that consumption is an activity of households rather than individuals.

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更新时间:2025/5/6 7:35:20