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Utility
Source: Council for Economic Education (EconEdLink) | Type: Lesson
Can happiness be measured? Students will learn how utility relates to economic decision making and the law of diminishing marginal utility.
Grades:
Concepts:
- Cost/Benefit Analysis
- Decision Making
- Law of Demand
- Marginal Analysis
- Wants
Standards:
- Economics 2: Marginal Cost/Benefit
- Economics 3: Allocation of Goods and Services
- Economics 8: Role of Price in Market System
Related Resources:
Reviews
I don't think the the average tenth grader( that's our target grade where I teach) could handle the math.
