https://gdpark.blog/tags/marginal-utility/Recent content in Marginal Utility on gdpark.blogHugoenFri, 15 Jul 2016 00:00:00 +0000https://gdpark.blog/posts/microeconomics-09-indifference-curves-and-utility-functions/Thu, 14 Jul 2016 00:00:00 +0000https://gdpark.blog/posts/microeconomics-09-indifference-curves-and-utility-functions/We get into indifference curves and utility functions — why some baskets make you equally happy, and why piling on more stuff gives you less of a kick each time.https://gdpark.blog/posts/microeconomics-10-marginal-rate-of-substitution/Thu, 14 Jul 2016 00:00:00 +0000https://gdpark.blog/posts/microeconomics-10-marginal-rate-of-substitution/MRS is basically something we already know deep down — here’s why ∆y is always negative on the indifference curve, plus a Coke vs. Pepsi reality check on diminishing MRS.https://gdpark.blog/posts/microeconomics-11-special-utility-functions/Fri, 15 Jul 2016 00:00:00 +0000https://gdpark.blog/posts/microeconomics-11-special-utility-functions/We dive into the ‘special cases’ where diminishing marginal utility just doesn’t apply — perfect substitutes and perfect complements, with all their quirks!