Explain the scalability of utility.

1.	Explain the scalability of utility.
Answer» Economics is a science, so it is necessary to explain, the quantitative nature of utility. Professor Mehta has laid emphasis on the quantitative measurements of utility, and presented the following facts regarding the measurement of utility : 1. Utility is an abstract substance. 2. Utility does not remain stable, it changes from time to time. 3. Satisfaction can be measured by currency.

Answer»

Economics is a science, so it is necessary to explain, the quantitative nature of utility. Professor Mehta has laid emphasis on the quantitative measurements of utility, and presented the following facts regarding the measurement of utility :

1. Utility is an abstract substance.

2. Utility does not remain stable, it changes from time to time.

3. Satisfaction can be measured by currency.

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Explain the scalability of utility.

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