NECO Economics 2025 Objective — Question 35
Question 35 of 60 from the National Examinations Council (NECO) Economics 2025 Objective paper, with the correct answer and a full explanation.
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Average utility is the satisfaction a consumer derives from
- A. all units of a commodity consumed
- B. consuming extra unit of a commodity
- C. each unit of a commodity consumedCorrect
Explanation
Average utility is total utility divided by the number of units consumed, representing satisfaction per unit.
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