Assertion (A): Want – the satisfying power of commodity is called its utility. Reason (R): Utility may not have the characteristic of morality codes.

The correct answer is: B. (A) is true but (R) is false

Assertion (A) is true. Utility is the want-satisfying power of a commodity. It is a measure of the satisfaction that a consumer derives from consuming a good or service.

Reason (R) is false. Utility can have the characteristic of morality codes. For example, a person may derive utility from donating to charity, which is a moral act.

Here is a more detailed explanation of each option:

A. Both (A) and (R) are true

This option is incorrect because (R) is false. Utility can have the characteristic of morality codes. For example, a person may derive utility from donating to charity, which is a moral act.

B. (A) is true but (R) is false

This option is correct because (A) is true and (R) is false. Utility is the want-satisfying power of a commodity, but it does not have to be a moral act.

C. Both (A) and (R) are false

This option is incorrect because (A) is true. Utility is the want-satisfying power of a commodity.

D. (R) is true but (A) is false

This option is incorrect because (A) is true and (R) is false. Utility is the want-satisfying power of a commodity, but it does not have to be a moral act.