Utility refers to
A) outcomes that achieve a person's goals.
B) how useful a reasoning process is.
C) the validity of a syllogism.
D) degree of risk aversion one has.

Question

Quizplus · Accepted Answer

Utility refers to the extent to which an outcome is useful in achieving a person's goals or satisfying their preferences. It is often used in economics and decision-making contexts to weigh the benefits and drawbacks of different options.

Utility Refers to