Log in or Sign up to track your course progress, gain access to final exams, and get a free certificate of completion!
Rules for Maximizing Utility
Read this article to learn more about how to calculate marginal utility per dollar. Make sure to answer the "Try It" questions.
6. Watch It
This video applies these same concepts to a graph. It demonstrates how there will come a point when the marginal utility per dollar of one good goes down enough so that it makes more sense to buy another good.