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  3. Economics
  4. JAMB 1979
  5. By utility we mean

By utility we mean

Economics
JAMB 1979
By utility we mean
  • A. usefulness
  • B. power of satisfying a want
  • C. beneficial
  • D. advantageous
  • E. consumable
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Correct Answer: Option B
Explanation
Utility is an economic term referring to the total satisfaction received from consuming a good or service.
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WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 127076
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
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WAEC offline past questions - with all answers and explanations in one app - Download for free