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marginal utility of money

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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 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 concepts — In economics, marginal concepts are associated with a specific change in the quantity used of a good or service, as opposed to some notion of the over all significance of that class of good or service, or of some total quantity thereof.… …   Wikipedia

  • Money — For other uses, see Money (disambiguation). Coins and banknotes – the two most common physical forms of money …   Wikipedia

  • Expected utility hypothesis — In economics, game theory, and decision theory the expected utility hypothesis is a theory of utility in which betting preferences of people with regard to uncertain outcomes (gambles) are represented by a function of the payouts (whether in… …   Wikipedia

  • Total Utility — The aggregate level of satisfaction or fulfillment that a consumer receives through the consumption of a specific good or service. Each individual unit of a good or service has its own marginal utility, and the total utility is simply the sum of… …   Investment dictionary

  • Предельная полезность денег — MARGINAL UTILITY OF MONEY Дополнительное удовлетворение, которое человек получает от расходования каждой дополнительной денежной единицы на товары и услуги. Предельная полезность денег уменьшается по мере того, как увеличиваются доходы человека …   Словарь-справочник по экономике

  • Marginalism — Economics …   Wikipedia

  • Perfect competition — Economics …   Wikipedia

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