Total utility and marginal utility
Topic Page
Total utility and marginal utilityQuestions
- What is an example of marginal and total utility?
- How can marginal utility be measured?
- How does marginal utility explain volume based discounts?
- If an 8 oz coffee costs $1.00 and a 12 oz coffee costs $1.25, would consumers buy a 16 oz coffee at $1.60?
- How do you calculate total utility?
- What is the formula for an isoelastic utility function?
- What is a diminishing marginal rate of substitution?
- What is the marginal rate of substitution?
- Why don't indifference curves intersect?