In terms of microeconomic analysis, what is the function of "utils"?
A) a form of budget constraint
B) applies to changes in income
C) a measurement of utility
D) relates to a consumers original choice

Question

Quizplus · Accepted Answer

Utils are used in microeconomics as a theoretical unit of measurement for utility, which represents the satisfaction or happiness a consumer derives from consuming goods and services.

In Terms of Microeconomic Analysis, What Is the Function of "Utils