Find the odd word : Types of utility : Form utility, Total utility, Time utility, Place utility
Q.1 (D) (v) Find the odd word : Types of utility : Form utility, Total utility, Time utility, Place utility
Q.1 (D) (v) Find the odd word : Types of utility : Form utility, Total utility, Time utility, Place utility
Best answer
Answer: Total utility
Form, time and place utility (along with service and knowledge utility) are types of utility. Total utility is a concept of measuring utility (sum of marginal utilities), not a type of utility.
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