~~Just for Experiment~~

~~Just for Experiment!! ~~ 

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The Utility Criteria - My 'Model'

© Vinay Vaidya 

 The Utilty Pyramid 

This criteria, my modesl is a pyramidal .

The four verices are -

1. Cost.

2. Price.

3. Value.

4. Worth.

Hypothesis : If the pyramid is balanced, the 'Utility' is optimal.

By Cost I mean the expences incurred in the production.

By Price, I mean the exchange value 'offerred' .

By Value, I mean The real competitive affordable exchange value.

By Worth I mean the satisfaction achieved from the product. 

I had studied Economics a bit, and didn't pass any examination.

Wanted to check, how the friends evaluate this . 

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