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Question
Who is the main exponent of Marginal Utility Analysis?
Who is the main exponent of Marginal Utility Analysis?
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Solution
The correct option is D Marshall
Marginal utility quantifies
the added satisfaction that a consumer garners from consuming additional units
of goods or services. The concept of marginal utility is used by
economists to determine how much of an item consumers are willing to purchase.
Marginal utility quantifies the added satisfaction that a consumer garners from consuming additional units of goods or services. The concept of marginal utility is used by economists to determine how much of an item consumers are willing to purchase.
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