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Intro to maximizing utility using the spreadsheet method
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Intro to maximizing utility using the spreadsheet method
10:23
About this lesson
Utility Maximizing Overview:
Using a Spreadsheet
- List all the possible combination of goods
- Find the total utility of each
- Add the utilities
- Find the highest total utility
- An Example
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Video 1 of 4
Intro to maximizing utility using the spreadsheet method
10 min
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Choosing at the margin method to maximize utility
14 min
Finding the pencil and eraser combination that maximizes utility
7 min
Finding the utility-maximizing combination of candy and chocolate
6 min