inal answer:
Total utility is a measure of satisfaction or benefit obtained from consuming a combination of goods. To calculate it, you assign 'utils' to each unit consumed and sum them up. For example, José has a total utility of 94 from consuming three T-shirts and two movies.
Step-by-step explanation:
Total utility is a concept in economics that measures the overall satisfaction or benefit an individual obtains from consuming a certain combination of goods. In order to calculate the total utility, you need to assign a value called 'utils' to each unit of the goods consumed, based on an individual's preferences. By summing up the utils for each good consumed, you can determine the total utility.
For example, in the given information, José consumes three T-shirts and two movies. Using the values from the provided table, you can calculate that José has a total utility of 94 (63 utils from the T-shirts + 31 utils from the movies) at the point of consumption represented as Q.
By repeating this calculation for other points, you can determine the total utility at each combination of goods, helping you understand how much satisfaction an individual can derive from consuming different quantities of goods.