119 Outcome: Defining Utility

What you’ll learn to do: define the concept of utility and satisfaction.

In this outcome, you will learn to gauge the measure of satisfaction that a person gets from buying a product.

The specific things you’ll learn to do in this section include:

Differentiate between marginal utility and total utility

LEARNING ACTIVITIES

The learning activities for this section include:

Reading: Consumer Choices
Reading: Consumption Choices
Reading: Choosing with Marginal Utility
Video: What is Marginal Utility?
Self Check: Defining Utility

Take time to review and reflect on each of these activities in order to improve your performance on the assessment for this section.

License

Icon for the Creative Commons Attribution 4.0 International License

Microeconomics Copyright © by Lumen Learning is licensed under a Creative Commons Attribution 4.0 International License, except where otherwise noted.

Share This Book