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Lesson Plan

Econ Ed Link: Utility

Curated by ACT

Can happiness be measured? Students will learn how utility relates to economic decision making and the law of diminishing marginal utility.

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Concepts
cost, marginal analysis
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Additional Tags
marginal utility, benefit analysis, council for economic education, decision making, econedlink, econedlink: utility, law of demand, wants, diminishing marginal utility
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Classroom Considerations
  • Knovation Readability Score: 3 (1 low difficulty, 5 high difficulty)
  • The intended use for this resource is Instructional