| 单词 | disutility |
| 释义 | disutility The psychological cost of work or other unpleasant experiences. There is no separate disutility function: an individual's utility is assumed to be a function of both consumption and work performed, with utility an increasing function of consumption and a decreasing function of work. It is possible that some people derive positive marginal utility from doing some work, but it is generally assumed that in equilibrium the marginal utility of work is negative. Disutility, or a reduction in utility, may also be produced by adverse externality, such as noise, air, or visual pollution. |
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