Total utility can be determined by:
A) summing the marginal utilities of each unit of a good consumed.
B) multiplying the marginal utility of the last unit consumed by the number of units consumed.
C) multiplying the marginal utility of the first unit consumed by the number of units consumed.
D) multiplying the price of the good times the number of units consumed.

Question

Quizplus · Accepted Answer

Total utility is the sum of marginal utilities of each unit consumed. Each marginal utility measures the additional satisfaction gained from consuming an additional unit of a good. Therefore, to determine total utility, we sum the marginal utilities of each unit consumed.

Total Utility Can Be Determined By