WASSCE Economics · Markets, Demand & Supply
Consumer Behaviour
Utility, marginal utility, the law of diminishing marginal utility, and consumer equilibrium.
- lessons
- 2
- of study
- 14 min
- free to read
- 1
Across the topic: 12 sections · 3 worked examples · 2 diagrams
Topic content
Lessons in this topic
2 lessons · 14 min
- 1Utility and the law of diminishing marginal utility7 minFree7 minFree
- 2Consumer equilibrium and consumer surplus7 min Plan7 min Plan
- The consumer's problem
- One good
- Two goods: the equi-marginal principle
- Deriving the demand curve
- Consumer surplus
- Limitations of utility analysis
2 worked examples · 1 diagram
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