Types of Utility in Economics

The storage and use of goods at the time of scarcity

The utility of a commodity increasing with a change in its time of utilization

The transfer of ownership of goods from one person to another (correct)

The increased utility of a commodity during examinations

When the ownership of goods is transferred from one person to another

When a student has more utility for textbooks during examinations than in vacations

When the utility of a commodity increases with a change in its time of utilization (correct)

When goods are stored and used at the time of scarcity

Blood bank (correct)

Storage and use of goods at the time of scarcity

Increased utility of textbooks during examinations

Transfer of goods from sellers to buyers

<p>When the ownership of goods is transferred from one person to another</p> Signup and view all the answers

<p>Transfer of ownership of goods</p> Signup and view all the answers

<p>When a commodity's utility increases with a change in its time of utilization</p> Signup and view all the answers

<p>Transfer of goods from the sellers to the buyers</p> Signup and view all the answers

<p>When a commodity's utility increases with a change in its time of utilization</p> Signup and view all the answers