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Utility & Consumer's Equilibrium · Question 16 of 73

Question 16

MediumOriginal question

If total utility from 3 units is 45 utils and from 4 units is 52 utils, the marginal utility of the 4th unit is

Options for question 16

Show the answer and explanation
CorrectNot quiteAnswer A

Correct answer: A

Explanation

  1. MU₄ = TU₄ − TU₃ = 52 − 45 = 7 utils.

Concept
MU as a difference
Typical time
70 s
Your time
—
The rule this testsTotal and marginal utility
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Ten questions from Utility & Consumer's Equilibrium, at your own pace.

Practise this chapter →

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

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