Sheelu ate a chocolate and got 10 utils of satisfaction, then she kept on consuming more chocolates and her marginal utiliy increased as follows:

What is the total utility received by Sheelu after consuming her 3rd commodity?

24

The correct answer is Option 4: 24

Total utility refers to the sum total of all the marginal utilites. To find the total utility received by Sheelu after consuming her 3rd chocolate, we need to sum the marginal utilities (MU) for the first three chocolates:

1. First chocolate: 10 utils
2. Second chocolate: 8 utils
3. Third chocolate: 6 utils

Total Utility = 10 + 8 + 6 = 24 utils