Question

identify the correct characteristics of utility​

Answer 1

Answer:

Utility has no Ethical or Moral Significance: ...

Utility is Psychological: ...

Utility is always Individual and Relative: ...

Utility is not Necessarily Equated with Usefulness: ...

Utility cannot be Measured Objectively: ...

Utility Depends on the Intensity of Want: ...

Utility is Different from Pleasure

Explanation:

Answer 2

Answer:

Utility is the quality or power of a commodity to satisfy human wants, whereas satisfaction is the result of utility. ... It means utility is present even before the actual consumption of a commodity and satisfaction is obtained only after its consumption. Utility is the cause and satisfaction is the effect or result.

Explanation:

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