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Question
Utility is measured by?
Utility is measured by?
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Solution
The correct option is D Value of worth
Utility of a commodity is measured as the worth that it holds in terms of the money we pay for the commodity. It is the overall satisfaction that we are getting from a commodity which we express in terms of per unit of money.
Utility of a commodity is measured as the worth that it holds in terms of the money we pay for the commodity. It is the overall satisfaction that we are getting from a commodity which we express in terms of per unit of money.
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