CameraIcon

SearchIcon

MyQuestionIcon

1

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

Raw Data

Average utili...

Question

Average utility at 3rd unit?

A

36.7

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

B

46.7

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

C

37.7

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

D

26.7

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

Open in App

Solution

The correct option is C 37.7
Total utility of 3rd unit is the summation of marginal utility of 1st, 2nd, and 3rd units that is 40+38+35 = 113. Now the total utility of the 3rd unit is 113 then the average utility is 113/3= 37.7.

Suggest Corrections

thumbs-up

0

Similar questions

Q. Total utility at 3rd 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

What is the average utility at 3rd unit?

Q. Marginal utility is equal to average utility at that time when average utility is _____.

Q. Average utility at 9th unit?

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

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Pictographs and Bar Graphs

MATHEMATICS

Watch in App

explore_more_icon

Explore more

Standard VIII Mathematics

Join BYJU'S Learning Program

CrossIcon