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Marginal Utility

When a consum...

Question

When a consumer buys a good which of the following is the concept that is Not generated when taking care of utility?

A

Average utility

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B

Sum utility

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C

Marginal utility

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D

Total utility

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Solution

The correct option is D Average utility
Average utility is the utility per unit consumption. Therefore when a consumer buys a good he just compare the additional utility and the total utility which he is getting in the consumption. Therefore, average utility does not play any role while buying the product.

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Similar questions

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

Average utility at 9th unit is _____.

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. 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 = ______.

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 total utility at the 6th 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

The total utility at the 3rd unit is ______.

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