- published: 16 Jan 2012
- views: 254919
In economics, utility is a measure of preferences over some set of goods and services. The concept is an important underpinning of rational choice theory in economics and game theory, because it represents satisfaction experienced by the consumer of a good. A good is something that satisfies human wants. Since one cannot directly measure benefit, satisfaction or happiness from a good or service, economists instead have devised ways of representing and measuring utility in terms of economic choices that can be measured. Economists have attempted to perfect highly abstract methods of comparing utilities by observing and calculating economic choices. In the simplest sense, economists consider utility to be revealed in people's willingness to pay different amounts for different goods.
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. Utility and indifference curves are used by economists to understand the underpinnings of demand curves, which are half of the supply and demand analysis that is used to analyze the workings of goods markets.
Actors: Malou N. Santos (producer), Jessie Lasaten (composer), Elma S. Medua (producer), Marivic B. Ong (producer), Charo Santos-Concio (producer), Carmi Raymundo (producer), Vicente G. del Rosario III (producer), Vic del Rosario Jr. (producer), Veronique Del Rosario-Corpus (producer), Dante Rivero (actor), June T. Rufino (producer), Al Tantay (actor), Irma Adlawan (actress), Gerry Arguelles (miscellaneous crew), Marya Ignacio (editor),
Genres: Comedy, Romance,Actors: Camilo Vives (producer), Jorge Perugorría (actor), Raúl Pomares (actor), René de la Cruz (actor), Paula Ali (actress), Idelfonso Tamayo (actor), Osvaldo Doimeadiós (actor), Susana Pérez (actress), Osvaldo Donatién (editor), Héctor Echemendia (actor), Manuel Porto (actor), Aramís Delgado (actor), Evelio Delgado (producer), Miriam Socarras (actress), Rubén Breñas (actor),
Genres: Comedy,The conversation
Of a conceited bore
Is usually over before its done
We know how to have fun
We know how to have fun
I say sure, why not
Let's have a conversation
You won't find me laughing
Oh, we're having fun