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7.1.3 equi-marginal principle
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Value for money at the margin

Value for money at the margin

The equi-marginal principle states that a consumer maximises total utility from a fixed budget by allocating spending according to marginal utility per £ spent. Marginal utility, MUMUMU, is the extra satisfaction gained from consuming one more unit.

7.1.3 equi-marginal principle Lesson

  1. Intl A Level
  2. /Economics
  3. /7.1.3 equi-marginal principle

Step-by-step lessons on CIE Intl A Level Economics 7.1.3 equi-marginal principle. Each one builds up to exam-style questions.