Asked by Eskarlin Sanchez on Jun 12, 2024

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If the total utility from consuming six units of a product is 43 and the marginal utility of a seventh unit is 6, then the total utility from consuming seven units would be

A) 37.
B) 49.
C) 7.
D) 42.

Total Utility

The overall satisfaction or fulfillment a consumer receives from consuming a given quantity of goods and services.

Marginal Utility

This refers to the additional satisfaction or utility that a consumer receives from consuming one more unit of a good or service.

Seventh Unit

Refers to the specific instance or item in a sequence or set, used here as a way to denote its particular position.

  • Decode the dynamics between total utility, marginal utility, and the notion of consumer equilibrium.
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Verified Answer

NK
Natalie KocinasJun 15, 2024
Final Answer :
B
Explanation :
Total utility from consuming seven units is the sum of the total utility from consuming six units (43) and the marginal utility of the seventh unit (6), which equals 49.