Final answer:
The utility of a specific product or service may vary widely from person to person and is subjective.
Step-by-step explanation:
The utility of a specific product or service may vary widely from person to person, therefore it is subjective.
Utility refers to the satisfaction or benefit that individuals derive from consuming goods and services. Since people have different preferences, needs, and circumstances, their perception of the utility of a particular product or service can differ.
For example, imagine there are two individuals, Alice and Bob. Alice may find a particular book very useful for her research, while Bob may find it irrelevant. The utility they derive from the book is subjective because it varies based on their individual needs and interests.