Respuesta :
The total utility may be determined by (B) summing the marginal utilities of each unit consumed.
What is total utility?
- Total utility is the total amount of satisfaction or fulfillment obtained by a consumer as a result of consuming a specific good or service.
- Total utility is sometimes contrasted with marginal utility, which is the enjoyment a buyer obtains from purchasing one more unit of an item or service.
Marginal utility?
- Marginal utility is the amount of satisfaction earned from consuming an extra quantity of that item.
- Economists sometimes like to divide utility into discrete units known as utils.
- Adding the marginal utility of each consumed unit.
Reason -
By adding the marginal utility of each consumed unit as given above.
Therefore, the total utility can be defined by (B) summing the marginal utilities of each unit consumed.
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Correct question:
The total utility may be determined by:
A. multiplying the marginal utility of the last unit consumed by the number of units consumed.
B. summing the marginal utilities of each unit consumed.
C. multiplying the marginal utility of the last unit consumed by product price.
D. multiplying the marginal utility of the first unit consumed by the number of units consumed.
