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प्रश्न
Which statement best explains the "subjective" nature of utility in economics?
विकल्प
Utility remains constant for everyone
Utility changes according to each person's needs and situation
Utility is the same as usefulness
Utility always provides pleasure
MCQ
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उत्तर
Utility changes according to each person's needs and situation
Explanation:
Utility depends on individual habits, preferences, or professions, making it subjective and variable for each person.
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