Cambridge Cambridge International AS & A Level Economics 9708 · 7.1.2

diminishing marginal utility

Code: 7.1.2
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

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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