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Marginalism - Marginalism Unveiled Exploring the Power of Small Choices in Economics - cover

Marginalism - Marginalism Unveiled Exploring the Power of Small Choices in Economics

Fouad Sabry

Publisher: One Billion Knowledgeable

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Summary

What is Marginalism
 
A theory of economics known as marginalism makes an effort to explain the disparity in the value of commodities and services by referring to their secondary utility, also known as marginal utility. It is stated that the reason why the price of diamonds is higher than that of water, for example, is due to the fact that gems provide a bigger added satisfaction than water does. It can be concluded that the diamond has a higher marginal utility, despite the fact that the water has a higher overall utility.
 
How you will benefit
 
(I) Insights, and validations about the following topics:
 
Chapter 1: Marginalism
 
Chapter 2: Austrian school of economics
 
Chapter 3: Neoclassical economics
 
Chapter 4: Perfect competition
 
Chapter 5: Supply and demand
 
Chapter 6: Utility
 
Chapter 7: Indifference curve
 
Chapter 8: Eugen von Böhm-Bawerk
 
Chapter 9: Principles of Economics (Menger book)
 
Chapter 10: Friedrich von Wieser
 
Chapter 11: Consumer choice
 
Chapter 12: Capital and Interest
 
Chapter 13: Subjective theory of value
 
Chapter 14: Marginal rate of substitution
 
Chapter 15: St. Petersburg paradox
 
Chapter 16: Theory of value (economics)
 
Chapter 17: Cardinal utility
 
Chapter 18: Margin (economics)
 
Chapter 19: Marginal utility
 
Chapter 20: Criticisms of the labour theory of value
 
Chapter 21: Preference (economics)
 
(II) Answering the public top questions about marginalism.
 
(III) Real world examples for the usage of marginalism in many fields.
 
Who this book is for
 
Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of Marginalism.
Available since: 01/30/2024.
Print length: 275 pages.

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