The Utility Maximization Rule

>> YOUR LINK HERE: ___ http://youtube.com/watch?v=5Ei5OiIk_X0

This lesson introduces the theory of consumer behavior that says in order to optimize or maximize total happiness or utility, a consumer should purchase goods up to the point where the marginal utility per dollar spent on every good is equal. This utility maximization rule of consumption is defined and demonstrated in this lesson • Want to learn more about economics, or just be ready for an upcoming quiz, test or end of year exam? Jason Welker is available for tutoring, IB internal assessment and extended essay support, and other services to support economics students and teachers. Learn more here! http://econclassroom.com/?page_id=5870

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