Sentence examples for of marginal utility from inspiring English sources

Extending our efforts to Syria would be of marginal utility at best.

The theory of marginal utility was applied to production as well as to consumption.

This problem, known as the paradox of value, was solved by the application of the concept of marginal utility.

The concept of marginal utility grew out of attempts by 19th-century economists to analyze and explain the fundamental economic reality of price.

The problem of "the law of marginal utility" - if the second treat never tastes as good as the first one, how do you get people to keep buying?

The concept of marginal utility was augmented in the 20th century by the method of analysis known as indifference analysis (see indifference curve).

An immediate and well known consequence is that the vector of marginal utilities is U ′ = λ p. Here the Lagrange multiplier is the marginal utility of income, but the no-income effects assumption gets rid of it.

Still with a complete asset market but with a more demanding utility function such as power utility, aggregation of marginal utilities is more complicated and does not involve just summing up consumption of agents.

This is also equal to the ratio of marginal utilities that individuals' derive from the consumption of sports and exercise and other goods.

The English economist William Jevons, one of the founders of the marginal utility school of analysis, derived many of his ideas from Bentham; and "welfare economics," while substituting comparative preferences for comparative utilities, reflected the basic spirit of the utilitarian philosophy.

In the context of choice modelling willingness-to-pay may be estimated as the ratio of the marginal utility of one attribute and the negative marginal disutility of price.