The table below illustrates the utility schedule of a consumer consuming consecutive units of chocolate bars:
| Quantity Consumed () | Total Utility () in Utils | Marginal Utility () in Utils |
|---|---|---|
Based on the table, what is the Average Utility () of the consumer at units of consumption?
- utilsCevap
- Butils
- Cutils
- Dutils
Cevap
The Average Utility () of the consumer at units of consumption is utils.
Average Utility () measures satisfaction per unit of commodity consumed and is defined mathematically as . At units of consumption, the Total Utility () is utils. Dividing utils by units yields an Average Utility of utils.
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Calculation of Average Utility from a Total Utility Schedule
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