| 11. | The diminishing marginal utility of income explains why the family would work fewer hours.
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| 12. | Under what curcumstances Principle of equal marginal utility is violated?
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| 13. | Diamonds are priced higher than water because their marginal utility is higher than water.
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| 14. | David Ramsay Steele argues that marginal utility theory renders Marx's theory of exploitation untenable.
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| 15. | Is diminishing marginal utility a significant concern in formal education?
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| 16. | Thus, the concept of diminishing marginal utility should translate itself into a downward-sloping demand function.
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| 17. | Should I assume it the violation of Principle of equal marginal utility per dollar spent?
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| 18. | Thus, the factors of production were as sensitive to marginal utility as consumer goods themselves.
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| 19. | It was one of the first modern treatises to advance the theory of marginal utility.
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| 20. | The reason is that under incomplete markets, the relative marginal utilities of agents are not equated.
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