When is enough enough

To better understand the law of diminishing marginal utility, we did a candy simulation. Four students were asked to come to the front of the classroom and eat multiple rounds of tootsie rolls. After each round, the class recorded in a table the level of pleasure (or marginal utility) each person had. In general, the law of diminishing marginal utility held true–after 5 rounds most students received less satisfaction from the candy than they had after the first piece.

This week the class discussed controversial topics like healthcare reform, minimum wage, and rent control and applied their knowledge of supply and demand and free market principles to these discussions.

Mrs. Lapp

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Topics: 12Twelvth Grade
Date: Wednesday, March 31st, 2010 9:07 am