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Consumer Behavior Theory: Utility, Equilibrium, and Demand
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Consumer Behavior Theory: Utility, Equilibrium, and Demand
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0:00 / 4:43
Chapters
Summary
Transcript
Chapters
1
The Consumer’s Allocation Problem
0:00
2
The Model’s Starting Assumptions
0:35
3
Total Utility, Marginal Utility, and Diminishing MU
1:08
4
Why Demand Slopes Downward
1:53
5
The Equi-Marginal Rule
2:33
6
The $16 Ice-Cream and Cake Example
3:12
7
From Equilibrium to Demand—and Its Limits
3:52
