The meaning of utility and utils, form, place, time and possession utility, the cardinal and ordinal approaches, total, average and marginal utility, the law of diminishing marginal utility and the paradox of value.
In these notes
- What utility means
- Two approaches
- Total, average and marginal utility
- The law of diminishing marginal utility
- The paradox of value
Revision notes come with the Complete plan
Complete gives you mock exams, revision notes, the curriculum checklist and past papers, as well as every practice question with its explanation. ₦10,000 a month, or ₦108,000 a year.