Jamb Economics Questions - The Theory of Consumer Behaviour
Question 63:
Given the table demonstrating the law of diminishing marginal utility below, what is the value of X?
View Answer & Explanation| No. of oranges Consumed | Total Utility | Average Utility | Marginal Utility |
| 1 | 9 | 9 | - |
| 2 | 16 | 8 | x |
| 3 | 24 | 8 | 6 |
| 4 | 30 | 7.5 | 4 |
| 5 | 34 | 6.8 | y |
| 6 | 36 | 6 | 2 |
| 7 | 36 | 5.1 | 0 |