Hosted on MSN4d
Utility Function Definition, Example, and Calculation
When considering utility, it is important to understand the concepts of total utility and marginal utility. Marginal utility ...
JSTOR7y
Marginal Utility and Marginal Disutility as Ultimate Standards of Value
Value as a "ratio in exchange" to be qualified, 549.--Utility as the ultimate standard of value, 552.--Disutility as the ultimate standard; labor, 557.--The sacrifices of capitalists, 560.--The ...
Investopedia4d
Utility Function Definition, Example, and Calculation
When considering utility, it is important to understand the concepts of total utility and marginal utility. Marginal utility measures the satisfaction or benefits a person gets from consuming an ...