Total and Marginal Utility

Utility in Economics is another word for "happiness". Most people would argue that more is always better. This lesson introduces and analyzes the relationship between the level of consumption of a particular good and the consumer's total and marginal utility derived from the good's consumption. We introduce the "law of diminishing marginal utility", which itself helps explain the

[vaishalibalakumar]

The utility that I gain from listening to your lectures is much higher than any other lecture, keep it up 👍

[marten]

Only some people have the skill to make a student studying economics happy from satisfaction of finally understanding something so easily.Good Job

[shahancheralody]

The way u explained .. it made me smile so wide due to satisfaction...

[quickielickie]

I appreciate your simplified explanations and organization of your playlists 😊

[tobdenw]

Just finished my IB exams last week. Thank you so much for your videos as it helped me immensely!

[playfulkiss]

I appreciated the way you explained all of it in just 8 mins! I perfectly understood what you said

[Synochra]

lol look at this weakling, giving up at 6 scoops of ice cream

great video :)

[tzutzu]

NO WONDER DEMAND CURVES ARE ALWAYS DOWNWARD SLOPING (because of Diminishing Marginal Revenue)... My teacher never cared to explain it! Thank you!

[IanCheng-bc]

I'm currently doing my internal AS91401 and I was struggling understanding what total utility and marginal utility are. Fortunately, I found this video and it is very easy to understand. Thanks a lot!

[Freeman]

this tutorial has helped understand the law of demand and made my eco start up tutor

[londonsars]

Anyone who starts an economics video with "Making Me Nervous" by Brad Sucks has got my attention!! This video was very helpful!

[chennicole]

LOL learning this in eighth grade thank you for the great video

[ashomanuisaac]

Thank you sir. When my school miss taught me this , i was like hovering.

[sakeefhasan]

100 utils gained from this lecture. Thank you.

[xaladrez]

PLEASE DONT STOP UPLOADING MORE LESSONS😣

[Jewel_]

Keep up with this simple and precise way of leacturing .

[just.a.browser]

Thank you! It helped me gain more understanding!!❤🎉

[nam_jooning]

This is the best explanation for this topic
Thank you ✨

[vyl]

Watched so many videos on the same topic but got maximum happiness n satisfaction from this lecture ✅✅

[LILY]

thankyou so much i surely gained maximum utility by listening to this video