RE: RE: Economic Concepts #10 – Marginal Utility
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RE: Economic Concepts #10 – Marginal Utility

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With marginal utility as with any of the marginal theories, the most important aspect is that the marginal is constantly changing. Marginal utility falls with every good or service consumed. Eventually, people will realise that acquiring another of that particular good no long provides sufficient value. For example, most people will only acquire a certain number of jeans before they would choose that they would rather spend their money on something else.