Learn how marginal utility influences consumer choice under the law of diminishing marginal utility and consumer decisions made on margins.

The pricing function has organically evolved to take advantage of the marginal utility of money.

Marginal utility and marginal value are often used interchangeably, but what's the difference between these two terms?

That, more or less, is the concept of diminishing marginal utility, a clunky economic term for when consumers feel better about buying something the first time than they do about buying it again.

You don't need to have studied economics to be familiar with the law of diminishing marginal utility and the idea of consumer surplus. The first has to do with the benefit consumers get from their ...

One of the important contributions of Economics in public policy is the marginal (or extra, additional, incremental) analysis in the increase in cost and revenues, satisfaction and dissatisfaction, ...