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The concept of marginal utility was developed by?
  • a)
    Paul Samuelson
  • b)
    Alfred Marshall
  • c)
    Hicks & Allen
  • d)
    Robbins
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
The concept of marginal utility was developed by?a)Paul Samuelsonb)Alf...
The concept of marginal utility grew out of attempts by economists to explain the determination of price. The term “marginal utility”, credited to the Austrian economist Friedrich von Wieser by Alfred Marshall, was a translation of Wieser's term “Grenznutzen” (border-use).
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The concept of marginal utility was developed by?a)Paul Samuelsonb)Alf...
Yup, Concept of Marginal utility was developed by Alfred Marshall. He did as many as he could.
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