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Utility is a subjective concept.
Utility is a subjective concept.
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The correct option is A True
A subjective concept means that every individual will have a slightly different opinion about a product or idea. The same way every individual will derive a different utility from a product. For example, a surf boat would not give an individual who does not surf any utility. Whereas a surfer would find a surf boat giving him a lot of satisfaction.
A subjective concept means that every individual will have a slightly different opinion about a product or idea. The same way every individual will derive a different utility from a product. For example, a surf boat would not give an individual who does not surf any utility. Whereas a surfer would find a surf boat giving him a lot of satisfaction.
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