What you’ll learn to do: describe and calculate the concept of marginal utility
If you look at Facebook for five fewer minutes a day, will you really be more productive? Is it worth it to clock into work ten minutes early, or would it be best to spend that time with your significant other? Is it worth it to spend five dollars on a dessert when you already feel a little bit full? In this section, you will examine choices made at the margin, or the decisions you make to do a little more or a little less of something.
The learning activities for this section include:
- Reading: Marginal Utility
- Video: Law of Diminishing Marginal Utility
- Self Check: Marginal Utility
Take time to review and reflect on each of these activities in order to improve your performance on the assessment for this section.