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WAEC Economics 2012 Question 14

Question 14

Theory of Consumer Behaviour

If a particular consumer derives total utility of 22 utils having consumed 4 units of a given product, his average utility will be

  1. A.88 utils.
  2. B.18 utils.
  3. C.5.5 utils.
  4. D.3.5 utils.
Show the answer and explanation

Answer: C (5.5 utils.)

Explanation

Average utility = total utility ÷ units = 22 ÷ 4 = 5.5 utils.