Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Micro Economics: Theory of Consumer behaviour

Question:

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

No. of chocolates MU
1 10
2 8
3 6
4 5

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

Options:

18

29

10

24

Correct Answer:

24

Explanation:

Total utility refers to the sum total of all the marginal utilites, therefore total utility after consuming the 3rd item is 10 + 8 + 6 = 24 utils