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Marginal Utility Classroom Experiment

Marginal Utility Classroom Experiment

A classroom experiment that engages student interest in the concept of utility by conducting a real world experiment in the classroom in real time. The results are always interesting for students and drives home the basic concept of utility. This can be used as a basic application of utility or can be used as a primer before diving into some of the more technical applications of utility including marginal utility, total utility, and maximizing...

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