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Question
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___.
| 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 |
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Solution
The correct option is B 8
We know, Marginal Utility= total utility of the n th unit - total utility of the (n-1 )th unit
Thus , marginal utility derived from the consumption of 2 nd unit= total utility of the 2nd unit - total utility derived from the 1st unit = 18 - 10 = 8
We know, Marginal Utility= total utility of the n th unit - total utility of the (n-1 )th unit
Thus , marginal utility derived from the consumption of 2 nd unit= total utility of the 2nd unit - total utility derived from the 1st unit = 18 - 10 = 8
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