Lesson overview - Total utility and marginal utility (article)

utility maximizer, someone who seeks to achieve the highest possible satisfaction or happiness ; utility, the happiness or benefit consumers derive from a good's ... Ifyou'reseeingthismessage,itmeanswe'rehavingtroubleloadingexternalresourcesonourwebsite. Ifyou'rebehindawebfilter,pleasemakesurethatthedomains*.kastatic.organd*.kasandbox.orgareunblocked. CoursesMath:Pre-K-8thgradePre-Kthroughgrade2(KhanKids)Earlymathreview2ndgrade3rdgrade4thgrade5thgrade6thgrade7thgrade8thgradeSeePre-K-8thgradeMathMath:GetreadycoursesGetreadyfor3rdgradeGetreadyfor4thgradeGetreadyfor5thgradeGetreadyfor6thgradeGetreadyfor7thgradeGetreadyfor8thgradeGetreadyforAlgebra1GetreadyforGeometryGetreadyforAlgebra2GetreadyforPrecalculusGetreadyforAP®CalculusGetreadyforAP®StatisticsMath:highschool&collegeAlgebra1GeometryAlgebra2TrigonometryPrecalculusHighschoolstatisticsStatistics&probabilityCollegealgebraNEWAP®︎/CollegeCalculusABAP®︎/CollegeCalculusBCAP®︎/CollegeStatisticsMultivariablecalculusDifferentialequationsLinearalgebraSeeallMathTestprepSATLSATPraxisCoreMCATScienceMiddleschoolbiology-NGSSNEWMiddleschoolEarthandspacescience-NGSSNEWMiddleschoolphysics-NGSSNEWHighschoolbiologyHighschoolbiology-NGSSHighschoolphysicsHighschoolphysics-NGSSAP®︎/CollegeBiologyAP®︎/CollegeChemistryAP®︎/CollegeEnvironmentalScienceAP®︎/CollegePhysics1SeeallScienceComputingComputerprogrammingAP®︎/CollegeComputerSciencePrinciplesSeeallComputingArts&humanitiesUShistoryAP®︎/CollegeUSHistoryUSgovernmentandcivicsAP®︎/CollegeUSGovernment&PoliticsWorldHistoryProject-OriginstothePresentWorldHistoryProject-1750tothePresentArthistoryAP®︎/CollegeArtHistorySeeallArts&HumanitiesEconomicsMacroeconomicsAP®︎/CollegeMacroeconomicsMicroeconomicsAP®︎/CollegeMicroeconomicsSeeallEconomicsReading&languageartsUpto2ndgrade(KhanKids)2ndgrade3rdgrade4thgrade5thgrade6thgrade7thgrade8thgrade9thgradeGrammarSeeallReading&LanguageArtsLifeskillsSocial&emotionallearning(KhanKids)CareersPersonalfinanceGrowthmindsetInternetsafetyNEWSeeallLifeSkillsSearchDonateLoginSignupSearchforcourses,skills,andvideosMaincontentEconomicsMicroeconomicsConsumertheoryIntroductiontoconsumertheory:totalutilityandmarginalutilityIntroductiontoconsumertheory:totalutilityandmarginalutilityMarginalutilityandtotalutilityVisualizingmarginalutilityMUandtotalutilityTUfunctionsPractice:TotalUtilityandMarginalUtilityUtilitymaximization:equalizingmarginalutilityperdollarDerivingdemandcurvefromtweakingmarginalutilityperdollarLessonoverview-TotalutilityandmarginalutilityThisisthecurrentlyselecteditem.NextlessonUtilitymaximizationusingmarginalutilityperdollarspentEconomics·Microeconomics·Consumertheory·Introductiontoconsumertheory:totalutilityandmarginalutilityLessonoverview-Totalutilityandmarginal utilityGoogleClassroomFacebookTwitterEmailIntroductiontoconsumertheory:totalutilityandmarginalutilityMarginalutilityandtotalutilityVisualizingmarginalutilityMUandtotalutilityTUfunctionsPractice:TotalUtilityandMarginalUtilityUtilitymaximization:equalizingmarginalutilityperdollarDerivingdemandcurvefromtweakingmarginalutilityperdollarLessonoverview-TotalutilityandmarginalutilityThisisthecurrentlyselecteditem.NextlessonUtilitymaximizationusingmarginalutilityperdollarspentSortby:TopVotedDerivingdemandcurvefromtweakingmarginalutilityperdollar