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This Utility Maximization instructional video also includes:
How do producers maximize the benefit, or utility, of their products? This economics instructor attempts to answer that question in less than 60 seconds using avocados, mangos, and numbers as his tools.
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CCSS:
Adaptable
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Instructional Ideas
- For a more hands-on approach, bring some smaller snacks into class for the purpose of illustrating the economic concept in the same way as it's presented in the video clip
Classroom Considerations
- Class members should have foundational knowledge of law of diminishing utility
- Instructor should follow up on some of the decisions made by presenter in video, such as how he went about determining which items to produce
- This video is hosted on YouTube