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utility maximization
Definition
Economics
concept
that, when
making
a
purchase
decision
, a
consumer
attempts
to get the greatest
value
possible from
expenditure
of least
amount
of
money
. His or her
objective
is to maximize the
total value
derived from the available money.
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Nearby Terms
usufruct
usury
utilitarianism
utilities expense
utilities payable
utility
utility maximization
utility of money function
utility program
utility theory
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utilization and review committee
utilization management
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