If the total utility from consuming the fifth unit of a product is 6 and the total utility from all five units is 162, then the total utility from consuming four units must be
A) 168.
B) 27.
C) 156.
D) 972.

Question

Quizplus · Accepted Answer

To find out the total utility of four units, we need to subtract the utility of the fifth unit (6) from the total utility of all five units (162):

Total utility of the first four units = Total utility of all five units - Utility of the fifth unit
Total utility of the first four units = 162 - 6
Total utility of the first four units = 156

Therefore, the total utility from consuming four units is 156.

If the Total Utility from Consuming the Fifth Unit of a Product