मराठी

Which of the following is a characteristic of utility?

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प्रश्न

Which of the following is a characteristic of utility?

पर्याय

  • Utility is Subjective

  • Utility is a relative concept

  • Utility is a Psychological phenomenon

  • All of these

MCQ
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उत्तर

All of these

Explanation:

Utility is subjective, relative to the person and circumstances, and psychological in nature. Therefore, all the listed characteristics apply.

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पाठ 2: Consumer's Equilibrium - OBJECTIVE QUESTIONS [पृष्ठ २.५२]

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संदीप गर्ग Introductory Microeconomics [English] Class 11
पाठ 2 Consumer's Equilibrium
OBJECTIVE QUESTIONS | Q 60. | पृष्ठ २.५२
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