Total utility is

the sum of the marginal utilities of all units consumedCorrect answerYour answerthe utility from the last unit consumedCorrect answerYour answermarginal utility multiplied by priceCorrect answerYour answerthe highest marginal utilityCorrect answerYour answer

Show the answer and explanation

CorrectNot quiteAnswer A

Correct answer: A

TUₙ = MU₁ + MU₂ + … + MUₙ.

Worth noting

The utility from the last unit alone is marginal utility.

Concept: Total utility as a sum
Typical timeTypical: 40 s
Your timeYours: —

The rule this testsTotal and marginal utility

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Ten questions from Utility & Consumer's Equilibrium, at your own pace.

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Ten questions from Utility & Consumer's Equilibrium, at your own pace.

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Total utility is

Explanation