{"id":274,"date":"2020-03-24T04:51:33","date_gmt":"2020-03-24T04:51:33","guid":{"rendered":"https:\/\/pressbooks.ccconline.org\/accanderssenmicro\/chapter\/learning-outcome-utility\/"},"modified":"2023-05-22T19:20:56","modified_gmt":"2023-05-22T19:20:56","slug":"learning-outcome-utility","status":"publish","type":"chapter","link":"https:\/\/pressbooks.ccconline.org\/accanderssenmicro\/chapter\/learning-outcome-utility\/","title":{"raw":"Outcome: Defining Utility","rendered":"Outcome: Defining Utility"},"content":{"raw":"<h2>What you\u2019ll learn to do:&nbsp;define the concept of utility and satisfaction.<\/h2>\nIn this outcome, you&nbsp;will learn&nbsp;to gauge the measure of satisfaction that a person gets from buying a product.\n\nThe specific things you\u2019ll learn to do in this section include:\n<ul>\n\t<li>Differentiate between marginal utility and total utility<\/li>\n<\/ul>\n<h3>LEARNING ACTIVITIES<\/h3>\nThe learning activities for this section include:\n<ul>\n\t<li>Reading: Consumer Choices<\/li>\n\t<li>Reading: Consumption Choices<\/li>\n\t<li>Reading: Choosing with Marginal Utility<\/li>\n\t<li>Video: What is Marginal Utility?<\/li>\n\t<li>Self Check: Defining Utility<\/li>\n<\/ul>\nTake time to review and reflect on each of these activities in order to improve your performance on the assessment for this section.","rendered":"<h2>What you\u2019ll learn to do:&nbsp;define the concept of utility and satisfaction.<\/h2>\n<p>In this outcome, you&nbsp;will learn&nbsp;to gauge the measure of satisfaction that a person gets from buying a product.<\/p>\n<p>The specific things you\u2019ll learn to do in this section include:<\/p>\n<ul>\n<li>Differentiate between marginal utility and total utility<\/li>\n<\/ul>\n<h3>LEARNING ACTIVITIES<\/h3>\n<p>The learning activities for this section include:<\/p>\n<ul>\n<li>Reading: Consumer Choices<\/li>\n<li>Reading: Consumption Choices<\/li>\n<li>Reading: Choosing with Marginal Utility<\/li>\n<li>Video: What is Marginal Utility?<\/li>\n<li>Self Check: Defining Utility<\/li>\n<\/ul>\n<p>Take time to review and reflect on each of these activities in order to improve your performance on the assessment for this section.<\/p>\n","protected":false},"author":32,"menu_order":2,"template":"","meta":{"pb_show_title":"on","pb_short_title":"","pb_subtitle":"","pb_authors":[],"pb_section_license":""},"chapter-type":[],"contributor":[],"license":[],"class_list":["post-274","chapter","type-chapter","status-publish","hentry"],"part":271,"_links":{"self":[{"href":"https:\/\/pressbooks.ccconline.org\/accanderssenmicro\/wp-json\/pressbooks\/v2\/chapters\/274","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pressbooks.ccconline.org\/accanderssenmicro\/wp-json\/pressbooks\/v2\/chapters"}],"about":[{"href":"https:\/\/pressbooks.ccconline.org\/accanderssenmicro\/wp-json\/wp\/v2\/types\/chapter"}],"author":[{"embeddable":true,"href":"https:\/\/pressbooks.ccconline.org\/accanderssenmicro\/wp-json\/wp\/v2\/users\/32"}],"version-history":[{"count":1,"href":"https:\/\/pressbooks.ccconline.org\/accanderssenmicro\/wp-json\/pressbooks\/v2\/chapters\/274\/revisions"}],"predecessor-version":[{"id":275,"href":"https:\/\/pressbooks.ccconline.org\/accanderssenmicro\/wp-json\/pressbooks\/v2\/chapters\/274\/revisions\/275"}],"part":[{"href":"https:\/\/pressbooks.ccconline.org\/accanderssenmicro\/wp-json\/pressbooks\/v2\/parts\/271"}],"metadata":[{"href":"https:\/\/pressbooks.ccconline.org\/accanderssenmicro\/wp-json\/pressbooks\/v2\/chapters\/274\/metadata\/"}],"wp:attachment":[{"href":"https:\/\/pressbooks.ccconline.org\/accanderssenmicro\/wp-json\/wp\/v2\/media?parent=274"}],"wp:term":[{"taxonomy":"chapter-type","embeddable":true,"href":"https:\/\/pressbooks.ccconline.org\/accanderssenmicro\/wp-json\/pressbooks\/v2\/chapter-type?post=274"},{"taxonomy":"contributor","embeddable":true,"href":"https:\/\/pressbooks.ccconline.org\/accanderssenmicro\/wp-json\/wp\/v2\/contributor?post=274"},{"taxonomy":"license","embeddable":true,"href":"https:\/\/pressbooks.ccconline.org\/accanderssenmicro\/wp-json\/wp\/v2\/license?post=274"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}