Concept:Total utility is the total satisfaction obtained from consuming a given quantity of a good.
It is calculated by summing the marginal utilities of all units consumed.
Explanation:Marginal utility (
MU) is the extra utility gained from consuming one additional unit.
When you are given the marginal utility at various consumption levels, each value is an addition to total utility.
So, total utility (
TU) is found by adding these marginal utility values together.
For example, if the marginal utilities are
MU1,
MU2, and
MU3, then:
TU=MU1+MU2+MU3This process is simply addition, not subtraction, multiplication, or division.
Therefore, to calculate total utility from given marginal utility levels, add the marginal utilities.
Answer:B. Add
MU from the various levels.