Concept
Version 12
Created by Boundless
Individuals Make Decisions at the Margins
Marginal and Total Utility
Marginal utility is the amount that a certain action will change total utility. Individuals use net marginal utility to make decisions.
Source
Boundless vets and curates high-quality, openly licensed content from around the Internet. This particular resource used the following sources:
"UtilityQuantified."
http://commons.wikimedia.org/wiki/File:UtilityQuantified.svg
Wikimedia
CC BY-SA.