Which economist is generally credited with developing utility theory?
A) Adam Smith
B) Alfred Marshall
C) Jeremy Bentham
D) David Ricardo

Name: Which economist is generally credited with developing utility theory? A) Adam Smith B) Alfred Marshall C) Jeremy Bentham D) David Ricardo
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Question

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Jeremy Bentham is generally credited with developing utility theory, which measures the satisfaction or happiness that individuals derive from consuming goods and services.

Which Economist Is Generally Credited with Developing Utility Theory