emy9926 emy9926
  • 19-12-2020
  • Business
contestada

find average utility, if total utility of 7 commodities is70​

Respuesta :

Samawati
Samawati Samawati
  • 21-12-2020

Answer:

10

Explanation:

The average utility is the total utility derived from the consumption of goods and services divided by the total number of items consumed.

i.e,. total utility/items consumed

In this case, the total utility is 70, and the number of items consumed is 7.

Average utility = 70/7

=10

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