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

The total utility at the 3rd unit is ______.

• A. 80
• B. 113
• C. 39
• D. 78

Answer 1

Answer: (B)

113

Total utility refers to the summation of marginal utility.

Therefore, total utility at the 3rd unit = 40+38+35 = 113