a
usefulness
b
power of satisfying a want
c
beneficial
d
advantageous
e
consumable
Explanation
Correct Option
bVideo Explanation
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Discussions (7)
lilwhyte21
9 years ago
b is correct.... according to comprehensive text book :
utility is the ability of a commodity to satisfy want.. what may be useful to one person may not be to another person..... remember one man meat is another man's poison
coolboy101
11 years ago
I feel it's still the same, cus at the end of the day it's all about satisfaction.
PuertoSans
9 years ago
A is correct.
Utility in Economics means the satisfaction derived or expected to be derived from the consumption of goods and services. I.e how useful the product or service is.
