Economics (AS & A Level) · May / June 2024 · Paper 32 · Question 1

The table shows the total utility gained by a consumer from the consumption of water. | quantity consumed / bottles | total utility | |---|---| | 0 | 0 | | 1 | 30 | | 2 | 40 | | 3 | 48 | | 4 | 54 | | 5 | 58 | What can be concluded from this table?

1. AMarginal utility increases as consumption increases.
2. BThe consumer cannot switch expenditure to another product to increase total utility.
3. CThe marginal utility of the 3rd unit is 8.
4. DThe marginal utility of the 5th unit is 2.

As printed in the paper