Institutions have accepted or given pre-approval for credit transfer.
* The American Council on Education's College Credit Recommendation Service (ACE Credit®) has evaluated and recommended college credit for 25 of Sophia’s online courses. Many different colleges and universities consider ACE CREDIT recommendations in determining the applicability to their course and degree programs.
Questions you should be able to answer after the lesson.
1. What is the concept of Diminishing Marginal Utility?
2. Describe what marginal utility and marginal utility per dollar calculate.
3. Understand what a consumption bundle is and how to calculate it.