Question

Transportation of good : Place utility : : Furniture from wood ::____________​

Answer 1

Furniture from wood is an example of form utility.

• Utility refers to the usefulness or enjoyment a consumer can get from a service or a good. The utility of a product decreases with the increase in its supply.
• Marginal utility is the utility gained by the consumption of one additional unit of goods or service.
• Form utility is the utility derived by changing the form of the initial product to a finished good that is ready for consumption.