Question 3
A consumer consumes three units of a good. The marginal utility obtained from the first unit is 10, and the marginal utility decreases by 2 with each unit consumed. What is the total utility? Round off to nearest whole number
Question 3: A consumer consumes three units of a good. The marginal u…
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Correct answer: 24
Question 3 of 10 in the IIT Madras BS Business Data Management (BDM) Quiz 2 paper sat on 6 Aug 2023, in the May 2023 term (IIT M DIPLOMA AN2 EXAM QPD2 06 Aug 2023). It carries 2 marks.
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