Changing the structure of a commodity in order ... - JAMB Economics 2017 Question
Changing the structure of a commodity in order to increase its utility is called?
A
Time utility
B
form utility
C
marginal utility
D
place utility
correct option: b
Form utility refers to the change in the form or structure of a commodity during its manufacturing process in other to increase its utility. For example, a change in the form of raw cotton to clothing material. Cotton in its raw form does not give satisfaction until it is changed to a clothing
Please share this, thanks:
Add your answer
No responses