A consumer derives a total utility (TU) of 50 utils from consuming 4 oranges. Upon consumi… — JAMB UTME

A consumer derives a total utility ( $TU$ ) of $50$ utils from consuming $4$ oranges. Upon consuming a $5^{\text{th}}$ orange, total utility increases to $62$ utils. What is the marginal utility ( $MU$ ) derived from consuming the $5^{\text{th}}$ orange in utils?

Cevap: 12 utils

Cevap

The marginal utility derived from consuming the 5th orange is 12 utils.

Marginal Utility (

MU

) represents the change in Total Utility (

TU

) resulting from consuming one additional unit of a good. Using

MU = \frac{\Delta TU}{\Delta Q}

, the change in total utility is

62 - 50 = 12

utils, and the change in quantity consumed is

5 - 4 = 1

orange. Therefore,

MU = \frac{12}{1} = 12

utils.

Adım Adım Çözüm

Identify the total utility values before and after consuming the 5th orange.

TU_4 = 50

utils for

4

oranges, and

TU_5 = 62

utils for

5

oranges.

Marginal utility measures the addition to total utility from consuming one extra unit of a commodity.

Calculate Marginal Utility (

MU

) using the formula

MU_n = TU_n - TU_{n-1}

MU_5 = 62 - 50 = 12

utils.

Subtracting the previous total utility from the new total utility gives the marginal utility of the 5th unit.

Anahtar Kavram

Calculation of Marginal Utility from Total Utility

Soru

Cevap

Adım Adım Çözüm

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