{"id":684,"date":"2015-04-24T20:48:10","date_gmt":"2015-04-24T20:48:10","guid":{"rendered":"https:\/\/courses.candelalearning.com\/masterymicro1xngcxmaster\/?post_type=chapter&#038;p=684"},"modified":"2016-06-21T00:02:41","modified_gmt":"2016-06-21T00:02:41","slug":"learning-outcome-utility","status":"publish","type":"chapter","link":"https:\/\/courses.lumenlearning.com\/atd-herkimer-microeconomics\/chapter\/learning-outcome-utility\/","title":{"raw":"Outcome: Defining Utility","rendered":"Outcome: Defining Utility"},"content":{"raw":"<h2>What you\u2019ll learn to do:\u00a0define the concept of utility and satisfaction.<\/h2>\r\nIn this outcome, you\u00a0will learn\u00a0to gauge the measure of satisfaction that a person gets from buying a product.\r\n\r\nThe specific things you\u2019ll learn to do in this section include:\r\n<ul>\r\n\t<li>Differentiate between marginal utility and total utility<\/li>\r\n<\/ul>\r\n<h3>LEARNING ACTIVITIES<\/h3>\r\nThe learning activities for this section include:\r\n<ul>\r\n\t<li>Reading: Consumer Choices<\/li>\r\n\t<li>Reading: Consumption Choices<\/li>\r\n\t<li>Reading: Choosing with Marginal Utility<\/li>\r\n\t<li>Video: What is Marginal Utility?<\/li>\r\n\t<li>Self Check: Defining Utility<\/li>\r\n<\/ul>\r\nTake time to review and reflect on each of these activities in order to improve your performance on the assessment for this section.","rendered":"<h2>What you\u2019ll learn to do:\u00a0define the concept of utility and satisfaction.<\/h2>\n<p>In this outcome, you\u00a0will learn\u00a0to gauge the measure of satisfaction that a person gets from buying a product.<\/p>\n<p>The specific things you\u2019ll learn to do in this section include:<\/p>\n<ul>\n<li>Differentiate between marginal utility and total utility<\/li>\n<\/ul>\n<h3>LEARNING ACTIVITIES<\/h3>\n<p>The learning activities for this section include:<\/p>\n<ul>\n<li>Reading: Consumer Choices<\/li>\n<li>Reading: Consumption Choices<\/li>\n<li>Reading: Choosing with Marginal Utility<\/li>\n<li>Video: What is Marginal Utility?<\/li>\n<li>Self Check: Defining Utility<\/li>\n<\/ul>\n<p>Take time to review and reflect on each of these activities in order to improve your performance on the assessment for this section.<\/p>\n\n\t\t\t <section class=\"citations-section\" role=\"contentinfo\">\n\t\t\t <h3>Candela Citations<\/h3>\n\t\t\t\t\t <div>\n\t\t\t\t\t\t <div id=\"citation-list-684\">\n\t\t\t\t\t\t\t <div class=\"licensing\"><div class=\"license-attribution-dropdown-subheading\">CC licensed content, Original<\/div><ul class=\"citation-list\"><li><strong>Authored by<\/strong>: Steven Greenlaw and Lumen Learning. <strong>License<\/strong>: <em><a target=\"_blank\" rel=\"license\" href=\"https:\/\/creativecommons.org\/licenses\/by\/4.0\/\">CC BY: Attribution<\/a><\/em><\/li><\/ul><\/div>\n\t\t\t\t\t\t <\/div>\n\t\t\t\t\t <\/div>\n\t\t\t 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