If the total utility of a commodity is 5 and marginal utility is 1, a – McqOptions

MCQOPTIONS

1.	If the total utility of a commodity is 5 and marginal utility is 1, a person consumes 3 units. What is the consumer’s surplus?
A.	2
B.	4
C.	6.5
D.	3.5
Answer» B. 4

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