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
The correct answer is: C
Explanation
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