Andrew Bloomenthal has 20+ years of editorial experience as a financial journalist and as a financial services marketing writer. Erika Rasure is globally-recognized as a leading consumer economics ...
The term marginal comes from the Latin, “marginalis,” and is in reference to an edge or border. In my discipline (Sociology), we trace the concept to Robert Park, who referred to the marginal man as a ...
The Marginal Utility of a good is the increase in total utility obtained by consuming one more unit of that good, for given consumption of other goods.
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