Utility Per Dollar Spent
Media Type: Office Hours Topic: Pricing, Marginal Thinking
- Dig This?
Like it? Share it!
This video describes how a consumer can use marginal thinking to maximize the utility they receive from the purchases they make. Attempting to keep marginal utility per dollar spent equal across every item you buy will generate the larger possible utility.
- Your Thoughts
- Was this helpful to you? (3 votes)
- Related Content