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Write Short Note On: Form Utility - Economics

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Question

Write short note on:

Form utility 

Short/Brief Note
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Solution

Form utility is the utility that is derived by changing the physical properties of a product. As a good changes shape or structure, form utility increase. For instance, when a log of wood is changed in furniture, the utility derived from it increases. Similarly, when clay is changed in pottery the utility increases.

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Chapter 2: Consumer's Behavior - Exercise 3 [Page 17]

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Micheal Vaz Economics [English] 12 Standard HSC
Chapter 2 Consumer's Behavior
Exercise 3 | Q 2.3 | Page 17
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