A Baserate of ________ Results in Maximum Utility

question 15

Multiple Choice

A baserate of ________ results in maximum utility.

• A)30%
• B)50%
• C)60%
• D)100%

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Definitions:

Ownership Utility

Orderly transfer of goods and services from the seller to the buyer; also called possession utility.

Exchange

A platform or marketplace where goods, services, or securities are traded between parties.

Time Utility

The value added to products or services by making them available when they are needed.

Good Or Service

Products offered in the market that can be either tangible (goods) or intangible (services) to satisfy consumer needs or wants.