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.