Cambridge Cambridge International AS & A Level Economics 9708 · 7.1.1
definition and calculation of total utility and marginal utility
- Code
- 7.1.1
- In
- 7.1 Utility
- Topic
- 7 The price system and the microeconomy (A Level)
- Course
- Cambridge International AS & A Level Economics 9708
- Board
- Cambridge
Grade boundaries·Cambridge command words
Codes and titles are read by a script from Cambridge's published specification and have not been checked by a person. What each point covers is in the specification itself: Cambridge’s specification.
Points in 7.1 Utility
- 7.1.1 definition and calculation of total utility and marginal utility
- 7.1.2 diminishing marginal utility
- 7.1.3 equi-marginal principle
- 7.1.4 derivation of an individual demand curve
- 7.1.5 limitations of marginal utility theory and its assumptions of rational behaviour