In other to enhance the utility of a particular commodity...
In other to enhance the utility of a particular commodity, it was moved from a place where it has little utility to another area where its utility is higher. This form of utility is referred to as?
Marginal utility
Form utility
Place utility
Total utility
Correct answer is C
Place utility involves the changing of location of a commodity from one geographical area where it has little utility to another area where its utility is higher. For example, cattle are mainly reared in the North where it has little utility but transported to the South where it has higher utility.
Devaluation of a currency in a country is likely to lead to ...
The following are reward for factors of production EXCEPT ...
The reward for land as a factor of production is ...
In a joint-stock company, the shareholders are the ...
A change in National Income brought about by a given change in investment is ...
An arrangement in which the debts of a company can only be paid from its own assets implies ...