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Three Key Definitions

Three Key Definitions

Utility is the satisfaction or benefit a consumer gains from consuming a good or service. It is measured in notional units called utils, not in money.

7.1.1 definition and calculation of total utility and marginal utility Lesson

  1. Intl A Level
  2. /Economics
  3. /7.1.1 definition and calculation of total utility and marginal utility

Step-by-step lessons on CIE Intl A Level Economics 7.1.1 definition and calculation of total utility and marginal utility. Each one builds up to exam-style questions.

Lessons