--%>

Generating utility through production

I have a problem in economics on Generating utility through production. Please help me in the following question. The production generates utility by making a good more precious in: (1) Possession. (2) Time. (3) Form. (4) Place. (5) All the above.

Choose the best option from the above.

   Related Questions in Microeconomics

  • Q : Problem regarding Collective Bargaining

    Can someone please help me in finding out the accurate answer from the following question. The union strategy which probably outcomes the maximum wages for both the union members and other workers over long run is: (1) Limiting ent

  • Q : Effect of percentage change in price

    Give the answer of following question. When the percentage change in price is greater than the resulting percentage change in quantity demanded: A) a decrease in price will increase total revenue. B) demand may be either elastic or inelastic. C) an increase in price

  • Q : Econ Give the answer of following

    Give the answer of following question. In the quintile distribution of income, the term "quintile" represents: A) 5 percent of the income receivers. B) 10 percent of the income receivers. C) 20 percent of the income receivers. D) 25 percent of the income receivers.

  • Q : Separation of the Economic Functions

    Separation of ownership or stockholders by control (management) into modern giant corporations tends to divide the economic functions of: (w) capitalists. (x) union leaders. (y) entrepreneurship. (z) bureaucrats. I

  • Q : Price discriminate raises output and

    When a monopolist which does not price discriminate raises its output, the firm’s total revenue: (w) should rise. (x) will rise when demand is elastic. (y) will rise when demand is inelastic. (z) will rise when marginal revenue = 0.

  • Q : Increase of utility when marginal

    Generally, as more of a good is consumed, the point is ultimately reached where the total: (1) And marginal utility of the good increase. (2) And marginal utility of good drop. (3) Utility carries on rising however marginal utility drops. (4) Utility drops and its mar

  • Q : Income of consumer-consequence on

    Income of consumer: In case of normal good - Increase in income leads to rise in quantity demanded of a normal good and reduce in income leads to reduction in quanti

  • Q : Markets which are relevant for human

    All markets which are really relevant for human beings are exemplified by: (1) Extensive advertising, sales promotions and marketing. (2) Demands from each and every individual for all products. (3) Potential buyers willing to reimburse and potential

  • Q : Marginal cost of capital What do you

    What do you mean by the marginal cost of capital?

  • Q : Impact of Monopoly in welfare Discuss

    Discuss the impact of a monopoly  on the welfare  of the citizens of the country. In  your discussion you should include policies that can  be implemented by the government too reduce the abuse of dominant position in the market.