Marginal Utility Definition

Marginal Utility Sentence Examples

• T F 8. If someone's utility function exhibits diminishing marginal utility of wealth, this person is risk averse.

• It is extremely important to consider how far the economic conceptions based upon this view of the action of men in the ordinary business of lif e - such, for example, as the doctrine of marginal utility - depend for their truth and relevance on the fact that in economics we are dealing with large aggregates.

• The wealthier a nation gets, the more it stands to lose in war, and the less marginal utility it gains in conquest.

• T F 8. If someone 's utility function exhibits diminishing marginal utility of wealth, this person is risk averse.