Texas Education Agency
Texas Gateway: How Individuals Make Choices Based on Their Budget
By the end of this section, you will be able to calculate and graph budgets constraints, explain opportunity sets and opportunity costs, evaluate the law of diminishing marginal utility, and explain how marginal analysis and utility...
Sophia Learning
Sophia: Making Decisions
Notes and a video clip provide students with an introduction to the idea of marginal analysis and of how consumers and producers make decisions.
Council for Economic Education
Econ Ed Link: Dumptown, Usa: Making a Ton of Difference
The amount of trash produced in the United States is mounting with each passing year. Communities are finding it increasingly difficult and costly to handle trash disposal. Recycling is considered a key solution to the garbage problem....
Council for Economic Education
Econ Ed Link: Utility
Can happiness be measured? Students will learn how utility relates to economic decision making and the law of diminishing marginal utility.
Khan Academy
Khan Academy: Utility Maximization
Practice applying the utility maximization rule in this exercise.