If a particular consumer derives total utility of 22 utils having consumed 4 units of
ECONOMICS
WAEC 2012
If a particular consumer derives total utility of 22 utils having consumed 4 units of a given product, his average utility will be
- A. 88 utils
- B. 18 utils
- C. 5.5 utils
- D. 3.5 utils
Correct Answer: C. 5.5 utils
Explanation
Average utility will be the total utility derived form the consumption of a commodity divided by the number of units consumed. Thus we have;
22
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