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Intro to consumer choice, utility, and the budget line
📝 My Notes
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Intro to consumer choice, utility, and the budget line
3:18
About this lesson
- Consumption Possibilities Curve
- Budget Line
- Consumer Preferences
- Utility & Marginal Utility
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Video 1 of 9
Intro to consumer choice, utility, and the budget line
3 min
• Selected
Understanding the budget line and maximizing utility
6 min
Understanding utility, total utility, and diminishing marginal utility
13 min
Listing budget combinations for fruit and juice boxes and graphing the budget line
8 min
Listing all budget line choices for cups and bowls with $32 income
7 min
Graphing marginal utility curves for soccer and basketball
8 min
Identifying diminishing marginal utility from a graph
1 min
Calculating and graphing marginal utility for free time and shopping
7 min
Checking if diminishing marginal utility applies to shopping and free time
1 min