Q246
Utility means
A.
Power to satisfy a want
AnswerB.
Usefulness
C.
Willingness of a person
D.
Harmfulness
Answer: Option A
Solution
Answer: Option A
Solution:
Utility means power to satisfy a want. It is a quality possessed by a commodity or service to satisfy human wants. Utility can also be defined as value-in-use of a commodity because the satisfaction which we get from the consumption of a commodity is its value-in-use.