Consumer theory
How do you decide what to produce or trade? How can you maximize happiness in a world of scarcity. What are you giving up when you choose something (i.e., opportunity cost)?
This course contains 3 segments:
Introduction to consumer theory: total utility and marginal utility
In this tutorial we look at the utility of getting one more of something and put numbers to it. We then use this to construct a budget line and think about indifference curves.
Utility maximization using marginal utility per dollar spent
Utility maximization with indifference curves
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Rating | Not enough ratings |
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Length | 3 segments |
Starts | On Demand (Start anytime) |
Cost | Free |
From | Khan Academy |
Download Videos | On all desktop and mobile devices |
Language | English |
Subjects | Business Social Sciences |
Tags | Economics-Finance-Domain Microeconomics |
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An overview of related careers and their average salaries in the US. Bars indicate income percentile.
artist at trade $50k
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Trade-In Coordinator $54k
Trade Editor $57k
Trade Liaison $60k
Trade Closer $63k
Trade Specialist 3 $65k
Trade Rep $67k
Trade Reporter $67k
Trade Management $81k
Trade Development $89k
Free Trade Analyst - Trade Compliance $113k
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Rating | Not enough ratings |
---|---|
Length | 3 segments |
Starts | On Demand (Start anytime) |
Cost | Free |
From | Khan Academy |
Download Videos | On all desktop and mobile devices |
Language | English |
Subjects | Business Social Sciences |
Tags | Economics-Finance-Domain Microeconomics |
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