9.17: Video- What is Marginal Utility?
- Page ID
- 249335
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This tutorial on marginal utility will walk you through the thought process of purchasing a burger at a store. The benefit you get from the burger is considered your marginal utility. You like it so much, you buy a second burger and enjoy it once more. The extra satisfaction you acquired only from the second burger is known as the marginal utility, whereas the total enjoyment from both burgers is considered the total utility.
A YouTube element has been excluded from this version of the text. You can view it online here: http://pb.libretexts.org/micro2/?p=266
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- What is Marginal Utility?. Authored by: Richard Dykes. Located at: https://www.youtube.com/watch?v=NFXLPWapTUw. License: CC BY: Attribution