Choices & change : microeconomics. Consumer choice. Part 5 /

Consumer Choice analyzes diminishing marginal utility and its role in utility maximizing consumer behavior. Profit maximizing behavior of businesses and an efficient outcome of these concepts are presented, as well as market failures and the inability to reach efficient outcomes.

Bibliographic Details
Other Authors: Harrison, Ken (Producer and director) (Producer, Director), Owens, Katherine (Narrator)
Format: Video
Language:English
Language Notes:In English.
Published: Dallas, TX : Dallas County Community College District, 2000.
Series:Academic Video Online
Subjects:
Online Access:Connect to this streaming video (Alexander Street Press)
Description
Summary:Consumer Choice analyzes diminishing marginal utility and its role in utility maximizing consumer behavior. Profit maximizing behavior of businesses and an efficient outcome of these concepts are presented, as well as market failures and the inability to reach efficient outcomes.
Item Description:Title from resource description page (viewed May 24, 2019).
Physical Description:1 online resource (4 min.)
Playing Time:00:03:33