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Changing Lanes and Raising Utility. This material in this video was adapted from "Principles of Economics" which is entrusted to the UNIVERSITY OF MINNESOTA LIBRARIES PUBLISHING EDITION,…
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Attribution: CC BY
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Law of Diminishing Marginal Utility - Snack Machine
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Law of Diminishing Marginal Utility
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Consumer Theory - Calculating Marginal Utility from a Table. Image provided by OpenStax.
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Attribution: CC BY
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Consumer Choice - Utility Maximization Using the Basic Method. Image provided by OpenStax.
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Consumer Choice - Marginal Gain and Marginal Loss of Utility. Image provided by OpenStax.
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Consumer Choice - Deriving the Demand Curve.
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Attribution: CC BY
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Texas Bureaucracy II
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Attribution: CC BY
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The ultimatum game is explored to more fully examine the rationality assumption and the theory of utility maximization. It also takes a hard look at the issue of fairness and its role in economic…
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