Diminishing Marginal Utility of Razor Blades
Media Type: Office Hours Topic: Pricing
- Dig This?
-
Like it? Share it!
Tweet
How many razor blades is enough to get a close shave? We know that more blades are better, but how much better? I went to Wal-mart to explore the price differences and was stunned to learn the price differential that exists between a two-blade shaver and a five-blade shaver.
- Your Thoughts
- Was this helpful to you? (1 votes)
- Tags
- Related Content
-
-
- (I Can't Get No) Satisfaction
- Utility maximization, diminishing marginal utility
-
- Price Tag (featuring B.O.B)
- diminishing marginal utility, happiness
-
- Mo Money, Mo Problems
- diminishing marginal utility
-
Ask Dirk Now!
Students, got an econ question?
- Who's Dirk?
- More on the man, himself. Meet Dirk
- Econ Media Library
- Check out multimedia tools, videos and more in our Media Library
What People are saying...