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vlada-n [284]
3 years ago
14

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

Business
1 answer:
GenaCL600 [577]3 years ago
8 0

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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