Question : The total utility from 9 units of commodity x is 20 and from 10 units is 15. Calculate the marginal utility from the 10th unit.
Option 1: 0.5
Option 2: - 0.5
Option 3: 5
Option 4: - 5
New: SSC CHSL tier 1 answer key 2024 out | SSC CHSL 2024 Notification PDF
Recommended: How to crack SSC CHSL | SSC CHSL exam guide
Don't Miss: Month-wise Current Affairs | Upcoming government exams
New: Unlock 10% OFF on PTE Academic. Use Code: 'C360SPL10'
Correct Answer: - 5
Solution : The correct option is - 5 .
Marginal utility is the additional satisfaction or usefulness that a consumer derives from consuming an additional unit of a good or service. To calculate the marginal utility from the 10th unit of commodity X, we need to find the change in total utility resulting from consuming the 10th unit.
According to the question, the total utility from 9 units of commodity X is 20 and the total utility from 10 units is 15. Therefore, the marginal utility of the 10th unit can be calculated as follows:
Marginal utility = change in total utility/change in quantity
Marginal utility = (15 - 20)/(10 - 9)
Marginal utility = - 5
Candidates can download this e-book to give a boost to thier preparation.
Result | Eligibility | Application | Admit Card | Answer Key | Preparation Tips | Cutoff
Question : ______ is the change in total utility due to the consumption of one additional unit of a commodity.
Question : Which of the following statements is correct regarding the marginal utility of a commodity?
I. It is the change in total utility due to the consumption of one additional unit of a commodity. II. It diminishes with an increase in consumption of the commodity.
Question : If $x=\frac{4\sqrt{15}}{\sqrt{5}+\sqrt{3}}$, the value of $\frac{x+\sqrt{20}}{x–\sqrt{20}}+\frac{x+\sqrt{12}}{x–\sqrt{12}}$ is:
Question : Work done by $(x + 4)$ men in $(x + 5)$ days is equal to the work done by $(x - 5)$ men in $(x + 20)$ days. Then the value of $x$ is:
Question : Find the radius of the circle $x^2+y^2=25$.
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile