Cambridge AS & A Level Economics
7.1Utility
Utility in Cambridge AS & A Level Economics: what the syllabus expects you to know, the learning objectives and how to practise.
Subtopic21 practice questions1 lesson
Learning objectives
What the syllabus expects you to be able to do.
- 7.1.1Define and calculate total utility and marginal utility.
- 7.1.2Explain diminishing marginal utility.
- 7.1.3Explain the equi-marginal principle.
- 7.1.4Derive an individual demand curve.
- 7.1.5Evaluate marginal utility theory and its assumption of rational behaviour.
Lessons
- Full access
Utility, diminishing marginal utility and the equi-marginal principle
50 min
Join to read every lesson, or see what Full access includes.
Sample question
A sample question on this topic. Answer it, check it, then read the worked answer.
Turn Utility into a strength.
Practise with instant marking, see your mastery grow and get a study plan built around your exam date.