Instructional Video Catalog: Title Description
Title: " Demand Theory: Household Behavior "
This program explains the theory of household behavior, outlines the law of diminishing marginal utility and introduces the household's optimal purchase rule. It also shows how diminishing marginal utility contributes to consumer surplus and then applies this concept to evaluate user fees for public services.
Production Date: 1993
Length: 27 minutes
Ordering: NETCHE Member checkout
Non-Members: Not available
Series Title: INTRODUCTORY ECONOMICS