A-Level Economics · Syllabus 7.1
Utility
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InteractiveTotal and Marginal Utility7.1.1 to 7.1.2 · Total and marginal utility, the three stages of the curves and diminishing marginal utility, with animations, labs and past paper practice.Open →
InteractiveConsumer Equilibrium and the Equi-Marginal Principle7.1.3 · How a rational consumer splits a budget: marginal utility per dollar and MUx/Px = MUy/Py, with animations, labs and past paper practice.Open →
InteractiveDeriving Demand from Utility and Evaluating the Theory7.1.4 to 7.1.5 · Individual and market demand from marginal utility, consumer surplus and the limits of the theory, with animations, labs and past paper practice.Open →
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InteractiveUtility: the Whole Chapter on One Page7.1 · Total and marginal utility, diminishing marginal utility, the equi-marginal principle and how marginal utility builds the demand curve, with animations, labs and past paper practice.Open →
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