Enrico pays a market rate to take his young children to daycare that is run by his employer.It is open until 9:00 p.m., a time by which everyone leaves.This service offered by his company offers ________________ utility.

Question

Quizplus · Accepted Answer

Enrico's employer is providing him with a daycare service that is conveniently located at his workplace, saving him the time and effort of finding alternative daycare options. Thus, it offers place utility. Additionally, the service is available until 9:00 p.m., which provides Enrico with the ability to work late if needed, giving him time utility. Therefore, the correct choice is E, which includes both time and place utility.

Enrico Pays a Market Rate to Take His Young Children