Economics (AS & A Level) · Oct / Nov 2022 · Paper 32 · Question 4
9708Utility
The table shows the levels of total and average utility at different levels of a consumer's weekly consumption of a product. | number consumed per week | total utility | average utility | |---|---|---| | 1 | 4 | 4.0 | | 2 | 9 | 4.5 | | 3 | 15 | 5.0 | | 4 | 20 | 5.0 | | 5 | 24 | 4.8 | | 6 | 27 | 4.5 | After which level of weekly consumption does the diminishing marginal utility first occur?
- A3
- B4
- C5
- D6
As printed in the paper
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Correct answer: A. 3
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