Balbharati solutions for Economics HSC 12th Standard Maharashtra State Board
Chapter 2 - Utility Analysis [Latest edition]
Lalita satisfied her want of writing an essay by using pen and notebook.
Sol: - Utility
Explanation:
The utility is the capacity of a commodity to satisfy human wants. In other words, utility is the want satisfying power of a good.
Pen and notebook have utility to satisfy Lalita's want an essay.
Thus the concept is utility.
