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UTILITY MAXIMIZATION
\juːtˈɪlɪti mˌaksɪma͡ɪzˈe͡ɪʃən], \juːtˈɪlɪti mˌaksɪmaɪzˈeɪʃən], \j_uː_t_ˈɪ_l_ɪ_t_i m_ˌa_k_s_ɪ_m_aɪ_z_ˈeɪ_ʃ_ə_n]\
Definitions of UTILITY MAXIMIZATION
1910 - Black's Law Dictionary (2nd edition)
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Economics
.
When
deciding
on
a
purchase
the
consumer
will
look
for
maximum
value
for
the
least
cost
.
1910
- Black's Law Dictionary (2nd edition)
By Henry Campbell Black
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Nearby Words
utilities expense
utilities payable
utility
utility bond
utility man
UTILITY MAXIMIZATION
utility of money function
utility patent
utility program
utility public
utility revenue bond
