What is the formula for total utility?

Answer

Total utility(TU) Average utility multiplied by quantity consumed.
Q&A Related to "What is the formula for total utility?"
1. Gather all of your sales data for a specific product. If you have multiple products for which you would like to measure utility, you will need to repeat this process for each one
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The formula for total utility goes like this: each individual unit of a good
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It depends on whether or not you define utility consistently with Jeremy Bentham, John Stuart Mill or some other individual.
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The equation for total utility is TUx = ‰öÔMUx. Total utility is the amount of utility gotten from consuming a specific good in a period of time ...
Total utility(TU) Average utility multiplied by quantity consumed. ...
Total utility is the level of satisfaction a consumer receives through a certain service or goods. A consumer will combine services and goods to maximize the total ...
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