185k views
1 vote
Find average utility, if total utility of 7 commodities is70​

User Erdikanik
by
7.4k points

1 Answer

4 votes

Answer:

10

Step-by-step explanation:

The average utility is the total utility derived from the consumption of goods and services divided by the total number of items consumed.

i.e,. total utility/items consumed

In this case, the total utility is 70, and the number of items consumed is 7.

Average utility = 70/7

=10

User Krzysztof Kaczor
by
7.6k points