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What Is Marginal Utility? Marginal utility quantifies the added satisfaction that a consumer garners from consuming additional units of goods or services. The concept of marginal utility is used by economists to determine how much of an item consumers are willing to purchase. Positive marginal utility occurs when the consumption of an additional item increasesContinue reading “Can marginal utility be negative?”

Here is my Power Point presentation on The Water Diamond Paradox

If you would like to check my pliant focused on the Ten Principles of Economics.

There is some debate as to whether opportunity costs can in fact be negative. The argument goes that opportunity costs are the profit foregone from choosing the next best alternative. The key concept in this argument is “the profit foregone” not the cost foregone. But this approach fails to consider the possibility that an investorContinue reading “Can opportunity cost be zero?”

Please check my wonderful prezi presentation:https://prezi.com/view/opkagx1qHJTXMwmsBadz/