Marginal utility facts for kids
Marginal utility is a concept from economics that describes the change in utility from consuming more or less of a good or service. Economists sometimes speak of a law of diminishing marginal utility, meaning that consuming the first unit usually has a higher utility than every other unit. When the number of units that are consumed increases, their marginal utilty decreases.
Images for kids
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Richard Whately
See also
In Spanish: Utilidad marginal para niños
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Marginal utility Facts for Kids. Kiddle Encyclopedia.