What does marginal utility mean? What does marginal utility mean?

Let's take a simple and popular example (the following figures are your own assumptions to make it easier to understand).

You're hungry.

You eat the first apple and you're satisfied, and your marginal utility is definitely very large, and the marginal utility of the first apple you eat is probably 10

You eat the second apple, because you've already eaten the first apple, so you're relatively satisfied when you don't eat the first apple, and the marginal utility is probably only 8 (down 2 from the first apple).

You keep eating apples, and the more you eat, the more you eat and

Summary: Marginal utility is the degree of satisfaction you feel with consuming or using a unit of something. The above examples are just Apple, you can extend to mobile phones, TVs, clothes, and so on.

For example, you are very happy to buy your first mobile phone, but when you have 100 mobile phones, it doesn't matter if you have more or fewer mobile phones, and the marginal utility at this time is very small.

Marginal utility refers to the new efficiency brought about by consumers adding one unit of goods or services within a certain period of time, that is, the increase in total utility. In economics, utility refers to the ability of a commodity to satisfy a person's desires, or in other words, utility refers to the degree of satisfaction that consumers feel when they consume a commodity.

That is, what is the impact of increasing or decreasing the input of one unit on income, and when the marginal income is 0, the income is the largest.

Does anyone understand? Be as detailed and understandable as possible.

Marginal utility is the degree of satisfaction that increases for each unit of consumption of a certain good. The meaning of margin is incremental, which refers to the amount of increase in the dependent variable caused by the increase in the independent variable. In marginal utility, the independent variable is the consumption of an item, while the dependent variable is the degree of satisfaction or utility.

The change in utility caused by the change in consumption is the marginal utility.

In 1871 and 1874, the Austrian economist Menger, the British economist Jevons, and the French economist Varla put forward the marginal utility theory of value, arguing that the value of a commodity depends on people's subjective evaluation of its utility. When people consume a commodity, they add one unit for each additional unit. The utility of the increase diminishes; The last consumption unit is minimal; It is not its maximum utility or its average utility that determines the value of a commodity, but its minimum utility. Menger's student, the Austrian economist Wiesel, first called this minimum utility "marginal utility."

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The translation and meaning of this word is as follows: the difference between the highest bid price of the broker in the market and the lower ** charged by the trader to the client.

Gordon wishes you a happy life!

"Marginal utility", also known as "marginal effect", refers to the utility of increasing (or decreasing) the revenue of goods or services for each new unit of goods or services, that is, the slope of the "volume of goods or services".

Commodities are the fruits of labor produced for the sake of haunting and selling, the products of the development of the productive forces of human society to a certain historical stage, and the products of labor used for exchange. The definition of commodities in accounting is a variety of commodities purchased or commissioned by commodity circulation enterprises and used for sale in the warehouse.

Political economy has existed as an independent discipline for more than 200 years, but people's understanding of it has always been divided. The reason for this is that the academic community has not clearly understood the basic concept of "value". The value of philosophy and the value of economics are two very different concepts.

The value of economics is measured in money, and money is the measure of value. The value of philosophy is subjective evaluation and has nothing to do with money.

In the process of studying political economy, the "labor theory of value", "utility theory of value" and "marginal utility theory" confuse the value of economics with the value of philosophy, which is far-fetched and self-deceptive, and leads the study of political economy astray. Therefore, we must clarify the relationship between labor, utility, margin, and value, and get to the root of the problem.

In fact, labor determines the value of the product's output (output), not the value of the product (**). That is, the more labor invested, the more output value of the product; The more labor put in, the higher the value of the product. The value of the product is determined by the cost, and the cost is composed of the value of the five factors of production (labor, technology, resources, capital, and system), and the value of these five factors of production together determines the value of the product, and the value of labor is only one of them.

Wang's Political Economy redefines some basic concepts and makes major breakthroughs on many key issues. He founded the "Social Productivity Theory", which laid a solid theoretical foundation for the in-depth study of political economy. The "law of value identity" was discovered, that is, the value of production factors is equal to the value of products, which fundamentally solved the logical problem of formation and change.

Through qualitative analysis, quantitative analysis and causal analysis, the essence and law of political and economic activities are revealed.