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Curated OER
Why Is a Demand Curve Downsloping? The Law of Diminishing Marginal Utility
Challenge your class with this economy worksheet. Learners plot information on a demand curve, fill in a table of marginal utility, solve problems, and answer questions.
Curated OER
Chapter 21: Consumer Behavior and Utility Maximization
Who knows why consumers act the way they do? After viewing this presentation, your class will - and they will also know how to optimize consumer behavior. Prepare your young captains of industry for their place in the world of business...
Curated OER
The Rising Cost of Health Care: Is there an explanation?
Twelfth graders explore rising health care costs and the Law of Diminishing Marginal Utility. They participate in an activity that demonstrates the Law of Diminishing Marginal Utility. Students read the may 27, 2005 Economic Letter and...
Carolina K-12
Supply, Demand, and Market Equilibrium
An auction simulation, PowerPoint presentation, and candy M&Ms® are the perfect tools to help your learners understand the concept of supply, demand, and diminishing marginal utility. Here you'll find a thorough lesson plan that...
Curated OER
Spraying Strawberries
Young scholars examine the concept of dimishing marginal productivity. They role play the role of a farmer who has to decide how many times to spray his strawberry crop. They complete a chart and discuss the results.
Curated OER
Spraying Strawberries
Students decide how many times to spray a strawberry crop. They apply marginal analysis and discover the "law of diminishing returns."
Curated OER
Marketing Occupations
Students identify and explain the variables effecting supply and demand in the marketing industry. Then they define the terms supply and demand and graph supply and demand curves on a standard grid. Students also formulate what happens...
Curated OER
Demand and Supply Worksheet
In this economics worksheet, students use their problem solving skills to respond to 28 questions regarding demand and supply.
Khan Academy
Khan Academy: Total Utility and Marginal Utility
Practice what you've learned about total utility, marginal utility, and the law of diminishing marginal utility in this four-question exercise.
Wikimedia
Wikipedia: Marginal Utility
This website discusses the concepts of marginal utility and value, with references made to such economic philosophers as Adam Smith, Karl Marx, and David Ricardo.
Council for Economic Education
Econ Ed Link: Utility
Can happiness be measured? Students will learn how utility relates to economic decision making and the law of diminishing marginal utility.
Texas Education Agency
Texas Gateway: How Individuals Make Choices Based on Their Budget
By the end of this section, you will be able to calculate and graph budgets constraints, explain opportunity sets and opportunity costs, evaluate the law of diminishing marginal utility, and explain how marginal analysis and utility...
Khan Academy
Khan Academy: Decisions Within a Budget Constraint
Another approach to maximizing utility uses indifference curves (sometimes called utility curves) and budget constraints to identify the utility optimizing combination of consumption. Read about this method in this article.
University of Nebraska Omaha
Ec Ed Web: Analyzing the Demand Curve
Lists the determinants of demand for a product and service. The site is useful for students wishing to look further into the causes of demands. Graphs and summaries are included to aid research.