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Weighted Average Profits Method

Total utility...

Question

Total utility at 6th unit?

A

109

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B

190

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C

180

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D

290

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Solution

The correct option is A 190
The average utility of 6th unit is 31.7 so the total utility of 6th unit will be approximately 31.7*6 = 190.2 or 190.

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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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