Look up: utility measure


  1. utility measure
    (from the article `economics`) Each household is endowed with definite `tastes` that can be expressed in a series of `utility functions.` A utility function (an equation similar to ... ...follow (for example, if a person likes tea better than coffee, and coffee better than milk, then that person sho...
    Found op http://www.britannica.com/eb/a-z/u/20

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