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Microeconomics

13th Edition
Roger A. Arnold
ISBN: 9781337617406

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BuyFindarrow_forward

Microeconomics

13th Edition
Roger A. Arnold
ISBN: 9781337617406
Textbook Problem

What does it mean if you are included in another person’s utility function in a positive way?

To determine

Explain the meaning of including another person’s utility function in a positive way.

Explanation

Utility is the satisfaction yield by an individual from the consumption of goods and services. In this case, including one person’s utility function with another person’s utility in a positive way shows a positive relationship between the utility function of both individuals...

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