2
Question
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
Total utility at 7th unit = ______.
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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Solution
The correct option is C 203
Total utility refers to the summation of utilities of all units.Total utility at 7th unit = total utility at 5th unit + marginal utility at 6th unit + marginal utility at 7th unit = 170+20+13 = 203
Total utility refers to the summation of utilities of all units.
Total utility at 7th unit = total utility at 5th unit + marginal utility at 6th unit + marginal utility at 7th unit = 170+20+13 = 203
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