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9.13: Outcome- Defining Utility

Last updated

Aug 7, 2020
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- 9.12: Glossary- Utility
- 9.14: Reading- Consumer Choices

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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.

Authored by: Steven Greenlaw and Lumen Learning. License: CC BY: Attribution

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

LEARNING ACTIVITIES

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