Chapter: Utility Analysis· Economics

Blood bank is an example of _____.(a) Place utility(b) Knowledge utility(c) Service utility(d) Time utility

Q.1 (A) (v) Blood bank is an example of _____.

(a) Place utility
(b) Knowledge utility
(c) Service utility
(d) Time utility

A. a, b, c

B. b, c, d

C. a, b, d

D. Only d

Doubtly Asked 29 Oct 2026 Board exam · March 2024 hsc 12th Save WhatsApp Report

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Answer: (4) Only d

A blood bank stores blood collected at one time and makes it available when it is needed later. Utility is created by storing the commodity over time, so it is time utility.

Doubtly AI · 29 Oct 2026 AI-verified · Nov 2026 Report

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Blood bank is an example of _____.(a) Place utility(b) Knowledge utility(c) Service utility(d) Time utility

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