Assertion :Want-satisfying power of a commodity is called its utility Reason: Utility may not have the caharcteristic of morality

Both Assertion and Reason are correct

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Both Assertion and Reason are correct but Reason is not the correct explanation for Assertion

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Assertion is correct but Reason is incorrect

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Both Assertion and Reason are incorrect

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Solution

The correct option is A Both Assertion and Reason are correct
Both are correct as:
Utility is the want-satisfying power of a commodity. It is the satisfaction, actual or expected, obtained from the consumption of a commodity. It is the ability of a good to satisfy a want.
Utility has no moral significance: It satisfies any want, moral, immoral, right or wrong.

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