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WAEC Economics 2012 Paper

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Question : 14

Total: 49

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

Solution:

Concept:

Average utility is the utility obtained per unit of a product consumed.

Explanation:

Average utility is calculated by dividing total utility by the number of units consumed.

Total utility

= 22

utils

Number of units

= 4

Average utility

= \frac{22}{4} = 5.5

utils

Answer:

C.

5.5

utils

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