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Question
Marginal utility theory was originated by _____________.
Marginal utility theory was originated by _____________.
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Solution
The correct option is B Marshall
The
concept of marginal usefulness grew out of an attempt by economists to explain the
force of mind of cost. The term “marginal utility”, attributed to the Austrian economist Friedrich von Wiser by Alfred Marshall was a translation of Weser’s term “Grenznutzen”. Marginal
utility theory examines the enlarge
in satisfaction customers gain from consuming an extra unit of a good. Effectiveness is the idea that
people get a certain level of satisfaction/happiness/utility from consuming goods and services. Marginal utility is the advantage
of strong an extra unit.
The concept of marginal usefulness grew out of an attempt by economists to explain the force of mind of cost. The term “marginal utility”, attributed to the Austrian economist Friedrich von Wiser by Alfred Marshall was a translation of Weser’s term “Grenznutzen”. Marginal utility theory examines the enlarge in satisfaction customers gain from consuming an extra unit of a good. Effectiveness is the idea that people get a certain level of satisfaction/happiness/utility from consuming goods and services. Marginal utility is the advantage of strong an extra unit.
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