Marginal utility sentence example

marginal utility
  • T F 8. If someone's utility function exhibits diminishing marginal utility of wealth, this person is risk averse.
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  • 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.
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  • The wealthier a nation gets, the more it stands to lose in war, and the less marginal utility it gains in conquest.
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  • T F 8. If someone 's utility function exhibits diminishing marginal utility of wealth, this person is risk averse.
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