Respond to the following prompt in a post with a minimum of 150 words. Then comment on at least TWO other posts.
In your own words, what is utility? Can utility be measured? Can you measure your own utility? Can someone else measure your utility? Why or why not? Can social welfare be measured by “adding up” peoples’ utilities? Why or why not? If not by using utility, how can policy makers estimate the welfare of government policies?
Candela Citations
CC licensed content, Original
- Discussion: Utility and Government Policy. Authored by: Steve Greenlaw and Lumen Learning. License: CC BY: Attribution