This link has been bookmarked by 20 people . It was first bookmarked on 04 Nov 2006, by Per Hakansson.
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17 Nov 14
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01 Sep 14
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In economics, the marginal utility of a good or service is the gain from an increase or loss from a decrease in the consumption of that good or service. Economists sometimes speak of a law of diminishing marginal utility, meaning that the first unit of consumption of a good or service yields more utility than the second and subsequent units, with a continuing reduction for greater amounts[clarification needed]. The marginal decision rule states that a good or service should be consumed at a quantity at which the marginal utility is equal to the marginal cost.[
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22 Dec 13
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loss from a decrease in the consumption
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gain from an increase
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01 Aug 10
Dante-Gabryell MonsonIn economics, the marginal utility of a good or service is the utility gained (or lost) from an increase (or decrease) in the consumption of that good or service.
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17 May 10
Mark A.M. KramerIn economics, the marginal utility of a good or service is the utility gained (or lost) from an increase (or decrease) in the consumption of that good or service. In general, preferences display diminishing marginal utility.
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the law of diminishing marginal utility”
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