JAMB Economics 2016 Objective — Question 37

Question 37 of 40 from the Joint Admissions and Matriculation Board (JAMB) Economics 2016 Objective paper, with the correct answer and a full explanation.

The storage of goods in order to derive more satisfaction in future is

A. marginal utility
B. place utility
C. form utility
D. time utilityCorrect

Explanation

Time utility refers to preserving/storing goods so they can satisfy needs in the future.

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