Assignment 8 Essay

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Assignment 8 (24 points) Assignment 8: The Business World Instructions Save this file in your course folder, and name it with Assignment, the section number, and your first initial and last name. For example, Jessie Robinson's assignment for Section 1 would be named Assignment1JRobinson. Type the answers to the assignment questions below. Use complete sentences unless the question says otherwise. You will have more than one day to complete an assignment. At the end of each day, be sure to save your progress. Review Lesson 4 of the Course Overview for instructions about turning in your assignments. Assignment Questions 1. Choose a good that you are familiar with, such as a t-shirt, a tennis racket, a cupcake, a pair of sunglasses, or any other good. Be sure to choose something specific. Then, analyze its economic utility, using the questions below. a. Describe the good you chose to analyze. (1 sentence. 0.5 points) The good that I choose is a sweater. b. Describe the form utility of this good. Is the form utility good or bad? Can you think of ways to improve it? (2-5 sentences. 1.0 points) A sweater can be used when its really cold. This good , is good because it heats your body wwhen its cold. No , I canty think of anyway to improve what a sweater does. c. Describe the place utility of this good. Is the place utility good or bad? Can you think of ways to improve it? (2-5 sentences. 1.0 points) It can be used when with an outfit you want to wear and you think that the sweater looks good with it. Its good and no I cannnot. d. Describe the time utility of this good. Is the time utility good or bad? Can you think of ways to improve it? (2-5 sentences. 1.0 points) No , I don’t think the utility of the product needs to be improved because it does it job well. e. Describe the possession utility of this good. Is the possession utility good or bad? Can you
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