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Building the Supply Curve

Average utili...

Question

Average utility at 2nd unit?

A

39

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B

38

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C

36

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D

35

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Solution

The correct option is A 39
The total utility of 2nd unit is 78. Therefore, the average utility will be 78/2 = 39.

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Similar questions

Q. Average utility at 5th unit?

Q. From the following data answer the question:

Slices of Bread	Total Utility	Average Utility	Marginal Utility
1	40	40	40
2	78	---	38
3	---	---	35
4	144	36	31
5	170	---	---
6	---	31.7	20
7	---	---	13
8	---	26	5
9	---	---	-4

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