The total utility from owning three skirts is equal to
A)total income divided by the price of one skirt.
B)total income divided by the amount spent to buy the three skirts.
C)the sum of the marginal utility from the first skirt plus the marginal utility from the second skirt plus the marginal utility from the third skirt.
D)three times the marginal utility from the first skirt.
E)the total amount spent to buy the three skirts.

Question

Quizplus · Accepted Answer

Total utility is calculated by adding up the marginal utility of each unit consumed. Therefore, the total utility from owning three skirts is equal to the sum of the marginal utility from the first skirt plus the marginal utility from the second skirt plus the marginal utility from the third skirt.

The Total Utility from Owning Three Skirts Is Equal to