Unit 2.4: Consumer and producer behaviour (HL only)
The activities on this page can be used in conjunction with the following teacher page: Unit 2.4: Consumer and producer behaviour (HL only) Utility - This can simply be defined as the amount of pleasure gained from consuming one unit of a good or service, measured in utils. Marginal utility - the additional satisfaction a consumer gains when they consume one extra unit of a good or service. Total utility - the total...