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Reginald buys a six-pack of soda. The amount of satisfaction he derives from his purchase is described in terms of

Sagot :

The amount of satisfaction he derives from his purchase is described in terms of total utility.

What is total utility?

Total utility is the total satisfaction that is derived from the consumption of a good or service. Total utility is measured in utils. Total utility is usually the highest for the first unit consumed. As more of a product is consumed, total utility increases at a decreasing rate.

To learn more about total utility, please check: https://brainly.com/question/5492803

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