Question

A person one who gives final utility to a commodity is
a) Producer b) Consumer c) Shop keeper d farmer

Answer 1

A person one who gives final utility to a commodity is a) Producer.

The utility is the usefulness and is a capacity of a commodity to satisfy human wants.

The utility of a commodity differs from person to person, as it is psychological.

Therefore, keeping in mind the need of the customers and to satisfy their needs is in the hands of the producer who produces the product.

It satisfies the desire of the customers.