- Theory of marginal utility
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English-Arabic economic glossary.
Theory of marginal utility
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Marginal utility — In economics, the marginal utility of a good or service is the utility gained (or lost) from an increase (or decrease) in the consumption of that good or service. Economists sometimes speak of a law of diminishing marginal utility, meaning that… … Wikipedia
utility and value — ▪ economics Introduction in economics, the determination of the prices of goods and services. The modern industrial economy is characterized by a high degree of interdependence of its parts. The supplier of components or raw materials … Universalium
Marginal Revolution — “Marginal Revolution” may refer to: the development of economic theory in the late 19th century which explained economic behavior in terms of marginal utility and related concepts: Marginal utility#The Marginal Revolution Marginalism#The Marginal … Wikipedia
Theory of value (economics) — Theory of value is a generic term which encompasses all the theories within economics that attempt to explain the exchange value or price of goods and services. Key question in economic theory include why goods and services are priced as they are … Wikipedia
law of diminishing marginal utility — noun In economics, the theory there is a general decrease in the utility of a product, as more units of it are consumed … Wiktionary
Marginal rate of substitution — In economics, the marginal rate of substitution is the rate at which a consumer is ready to give up one good in exchange for another good while maintaining the same level of utility. Contents 1 Marginal rate of substitution as the slope of… … Wikipedia
Utility — This article is about the economic concept. For other uses, see Utility (disambiguation). Part of a series on Utilitarianism … Wikipedia
Marginal use — As defined by the Austrian School of economics the marginal use of a good or service is the specific use to which an agent would put a given increase, or the specific use of the good or service that would be abandoned in response to a given… … Wikipedia
Marginal cost — A typical marginal cost curve with marginal revenue overlaid In economics and finance, marginal cost is the change in total cost that arises when the quantity produced changes by one unit. That is, it is the cost of producing one more unit of a… … Wikipedia
marginal — marginality, n. marginally, adv. /mahr jeuh nl/, adj. 1. pertaining to a margin. 2. situated on the border or edge. 3. at the outer or lower limits; minimal for requirements; almost insufficient: marginal subsistence; marginal ability. 4. written … Universalium
Theory of the firm — The theory of the firm consists of a number of economic theories that describe the nature of the firm, company, or corporation, including its existence, behavior, structure, and relationship to the market.[1] Contents 1 Overview 2 Background … Wikipedia
