Introduction
Good morning, students. Today we will begin a new topic called Utility. Let's watch this video so you can comprehend the key principles of this topic.
Task
ACTIVITY
GRADE 10
WORKING WITH UTILITY,VALUE AND PRICE
1.1 Distinguish between value in use and value exchange. Use an example for each to support your answer. (6)
2
| NUMBER OF HOTDOGS | TOTAL UTILITY (UTILS) | MARGINAL UTILITY (UTILS) |
|---|---|---|
| 0 | 0 | 0 |
| 1 | 60 | 60 |
| 2 | 110 | C |
| 3 | A | 40 |
| 4 | 180 | D |
| 5 | 200 | 20 |
| 6 | B | 0 |
2.1 Calculate the missing values marked A-D (4x2=8)
2.2 Sketch the Total and Marginal Utility using the information on the table. (6)
[20]
Process
Use the links provided in the instructions above to enhance your knowledge.
Evaluation
MARKS GRID
| 1.1 | 6 |
| 2.1 | 8 |
| 2.2 | 6 |
Conclusion
Now that you have have learned all you have learned on this lesson watch the video attached below to prepare for our next lesson.
Credits
Teacher Page
For any queries, you can contact me through my email. jebejebesiyasamkela07@gmail.com