Answer the following questions in brief.
1. 'Utility and value of a resource vary from time to time and place to place. Give any three examples to
support the statement.
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Answer:Summing the marginal utilities gives us the total utility. ... but at the time of the dinner, you expected greater utility from eating the last of the meal. ... to live a more simplistic life and place a lower value on having an extra dollar than .... Regular prices as of 1/18/10 ... The answer to these questions will vary among individuals.
Explanation:
navneet9410:
wrong answer
this is not the real answer
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★ Utility and value of resources vary from time to time and place to place in the following ways ---›
- Earlier human civilisations florist along the river valleys as they are used water for irrigating fields.
- Now, human beings are using water for generating energy, irrigation, navigation and industries, etc.
- Chile and United States of America are generating more wind energy than the India.
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