CameraIcon

SearchIcon

MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Marginal Utility

At the time o...

Question

At the time of consumption of __________ Total utility, Average utility, Marginal utility are same.

A

1st unit

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

B

2nd unit

No worries! We‘ve got your back. Try BYJU‘S free classes today!

C

3rd unit

No worries! We‘ve got your back. Try BYJU‘S free classes today!

D

4th unit

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is A 1st unit
In the first unit of consumption, the additional or marginal utility will be the total utility as total utility is the summation of all the previous marginal utilities which has just started. Moreover, the average utility is calculated by dividing the total utility of 1st unit by 1 which will yield total utility only.

Suggest Corrections

thumbs-up

0

Similar questions

Q. At the time of consumption of the _______ of a commodity the total utility, average utility and marginal utility are same.

Q. The marginal utility and total utility from consumption of various units of a product x are given below :

Unit	Marginal Utility	Total Utility
0	0	0
1	10	10
2	X	18
3	7	Y
4	Z	31
5	5	P
6	4	40

From the above table find the marginal utility derived from consumption of 2nd unit___.

Q. A consumer gets

50

utils of utility from the consumption of

1 s t

unit of commodity - X. On the assumption that for every additional unit of

X

10

utils of utility, how much unit (s) of

X

will he consume if, it was available to him at price of

R s . 5

per unit, and his marginal utility of money

= 10

Q. With the increase in the consumption of units of a given commodity the marginal utility ________.

Q. What is marginal utility when consumption increases from

4

5

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Utility

ECONOMICS

Watch in App

explore_more_icon

Explore more

Marginal Utility

Standard XI Economics

Join BYJU'S Learning Program

CrossIcon