False. A commodity may not be useful, yet it may have utility for a particular person. For example, chewing tobacco is harmful for health, yet many people derive high degree of utility from it.
Utility is directly linked with the usefulness of a commodity. Is it true or false? Give reason.
Answers
Punit
False. A commodity may not be useful, yet it may have utility for a particular person. For example, chewing tobacco is harmful for health, yet many people derive high degree of utility from it.