Which of the following is not one of the four commonly recognized forms of utility?
A) Form
B) Time
C) Production
D) Place
E) Possession

Question

Quizplus · Accepted Answer

Utility in economics refers to the total satisfaction received from consuming a good or service. The four commonly recognized forms of utility are form, time, place, and possession. Production is not considered a form of utility; rather, it's a process that can affect other forms of utility by transforming resources into goods or services that consumers find valuable.

Which of the Following Is Not One of the Four