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Question 14

If a particular consumer derives total utility of 22 units having consumed 4 units of a given product, his average utility will be

  • A.88 utils
  • B.18 utils
  • C.5.5 utils
  • D.3.5 utils
Objective

Question details

Exam body
WAEC
Subject
Economics
Year
2012
Question no.
#14
Type
Objective
Previous · Q13Given the demand function Qd = 20 - 1/ 2 P. What is Qd when P is $12? Next · Q15 The law of diminishing marginal utility applies to a

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