Utility

    Utility

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    In economics, utility is a representation of preferences over some set of goods and services. Preferences have a (continuous) utility representation so long as they are transitive, complete, and continuous. Utility is usually applied by economists in such constructs as the indifference curve, which plot the combination of commodities that an individual or a society would accept to maintain a given level of satisfaction.

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    Deputy Executive Editor, Geospatial Media and Communications. When asked, when are you at your creative best? I could cheerily say, β€œHey! Who needs an ambiance? I just need a thought!”