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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

설명

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

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