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Question
The total utility derived by Kartik by eating 12 oranges is 400 utils. Marginal Utility of the 13th orange is 20 utils. The total utility for 13 oranges will be __________ utils.
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Solution
The total utility derived by Kartik by eating 12 oranges is 400 utils. Marginal Utility of the 13th orange is 20 utils. The total utility for 13 oranges will be 420 utils.
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