{"type":"video","version":"1.0","html":"<iframe src=\"https://www.loom.com/embed/6bbf2fc671ad4d34a342a242bbe759da\" frameborder=\"0\" width=\"1920\" height=\"1440\" webkitallowfullscreen mozallowfullscreen allowfullscreen></iframe>","height":1440,"width":1920,"provider_name":"Loom","provider_url":"https://www.loom.com","thumbnail_height":1440,"thumbnail_width":1920,"thumbnail_url":"https://cdn.loom.com/sessions/thumbnails/6bbf2fc671ad4d34a342a242bbe759da-40b3326311093b91.gif","duration":674.818,"title":"Unit 1 Formative #3 MCQ Explanations","description":"In this video, I went over the multiple-choice questions from our third formative assessment for Unit 1 in microeconomics. I explained key concepts such as marginal utility, opportunity costs related to attending college, and the law of diminishing marginal utility. I also discussed how to calculate total utility from given marginal utilities for pizza and pens, arriving at a total of 53 utils. Please review these concepts and the explanations provided to ensure you understand the material thoroughly. Let me know if you have any questions!"}