The Diamond Water Paradox - part one

Title:	The Diamond Water Paradox - part one
Web Resource Address:	http://www.metalproject.co.uk/METAL/Resources/Films/Differential_equations/#film514
Author:	METAL (Mathematics for Economics: enhancing Teaching and Learning)
Description:	What determines the price of a commodity is its marginal utility, not its total utility, and the price of all units of a good is set by its marginal valuation. This section uses integration to explore this concept. (Duration 6 minutes 44 seconds). Part of a series of films from the METAL (Mathematics for Economics: enhancing Teaching and Learning) project that show how partial differentiation and integration are used to gain constructive insights into economics as a discipline. They are fundamental building blocks for a course of mathematics for economics. These video clips and animations can be viewed in isolation, or via the learning pathway links to related materials in a Question Bank.
Keywords:	economics; maths; mathematics; metalproject; integration
Persistent Link:	http://open.jorum.ac.uk:80/xmlui/handle/123456789/6977
Date:	2010-06-24

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