Ask Question
22 February, 10:47

If the total utility from consuming the fifth unit of a product is 6 and the total utility from all five units is 162, then the total utility from consuming four units must be:

a) 168 b) 156 c) 27 d) 972

+5
Answers (1)
  1. 22 February, 12:57
    0
    b) 156

    Explanation:

    Total utility is the total amount of satisfaction received by a consumer after consuming a given quantity of a product or service. In this question there is the total utility of five product.

    Total utility = 162

    utility of fifth product = 6

    Total utility of other four products = Total utility - utility of fifth product

    Total utility of other four products = 162 - 6 = 156
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “If the total utility from consuming the fifth unit of a product is 6 and the total utility from all five units is 162, then the total ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers