JAMB - Economics (2017 - No. 22)

Changing the structure of a commodity in order to increase its utility is called?
Time utility
form utility
marginal utility
place utility

Explanation

Form utility refers to the change in the form or structure of a commodity during its manufacturing process in other to increase its utility. For example, a change in the form of raw cotton to clothing material. Cotton in its raw form does not give satisfaction until it is changed to a clothing

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