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Utility & Consumer's Equilibrium · Question 26 of 73

Question 26

HardOriginal question

Read the two statements and choose the correct option.

I. Total utility from 0 units is the same as the marginal utility of the 1st unit.

II. Total utility from 1 unit is the same as the marginal utility of the 1st unit.

Options for question 26

Show the answer and explanation
CorrectNot quiteAnswer B

Correct answer: B

Explanation

  1. I is false: TU from no units is zero.

  2. II is true: MU₁ = TU₁ − TU₀ = TU₁ − 0 = TU₁.

Concept
TU and MU of the first unit
Typical time
100 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.

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