WAEC - Economics (2012 - No. 14)
If a particular consumer derives total utility of 22 utils having consumed 4 units of a given product, his average utility will be
88 utils
18 utils
5.5 utils
3.5 utils
Explicació
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 ÷ 4 = 5.5 utils