Deriving demand curve from tweaking marginal utility per dollar
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Deriving demand curve from tweaking marginal utility per dollar
Where does a buyer's demand curve come from? A rational buyer wants to get as much \"bang per buck\" from their consumption as possible. In economics, that's called marginal utility per dollar spent. When the price of a good decreases, the \"bang per buck\" on that good increases, which incentivizes consuming more of it. In this video, we ...
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