Practice what you've learned about total utility, marginal utility, and the law of diminishing marginal utility in this four-question exercise.

This lesson focuses on total utility and marginal utility including definitions and examples.

"Chapter 4: The Consumer: Marginal Value, Marginal Utility, and Consumer Surplus" by David D. Friedman discusses and analyzes the consumer who buys many goods.

Practice what you have learned about total utility, marginal utility, total revenue, and costs in this four-question exercise.