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Chapter 7 - PowerPoint Slides
Chapter 7 - PowerPoint Slides
Chapter 7:
The theory of
demand: the
utility approach
Learning outcomes
Table 7-1 Thabo Botha’s marginal utility and total utility from the
consumption of apples during a specific period (Textbook page 122)
• A test
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Consumer equilibrium in the utility approach
Table 7-3 Possible combinations of bread, meat and rice that can
be bought with R12,00 and the total utility of each combination
(Textbook page 127)
Table 7-4 Helen Meyer’s utility from chocolates and yoghurt (per
week) (Textbook page 127)