Marginal Utility And Value (1893)

Marginal Utility and Value is a book written by Silas Marcus MacVane and published in 1893. The book explores the concept of marginal utility, which is the additional satisfaction or benefit that a consumer derives from consuming one additional unit of a good or service. MacVane argues that the value of a good or service is determined by its marginal utility, rather than by its total utility. He also discusses the law of diminishing marginal utility, which states that the marginal utility of a good or service decreases as more units are consumed. The book provides a detailed analysis of these concepts and their implications for economic theory and policy. It is considered a seminal work in the field of economics and has influenced the development of modern economic thought.This scarce antiquarian book is a facsimile reprint of the old original and may contain some imperfections such as library marks and notations. Because we believe this work is culturally important, we have made it available as part of our commitment for protecting, preserving, and promoting the world's literature in affordable, high quality, modern editions, that are true to their original work.