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Question : Who has been coined the term “utility”?

Option 1: Pigou

Option 2: Marshall
 

Option 3: Hicks and allen
 

Option 4: Robbins


Team Careers360 25th Jan, 2024
Answer (1)
Team Careers360 26th Jan, 2024

Correct Answer: Marshall
 


Solution : It is coined by the "Marshal".
A commodity's utility is its ability to satisfy desires. It is the actual or anticipated satisfaction obtained from the consumption of a commodity. It is a good ability to satisfy a desire.
Hence option b is correct answer.

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