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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?
Verified 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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The concept of marginal utility was developed by?a)Paul Samuelsonb)Alf...
The concept of marginal utility is developed by Alfred Marshall.
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The concept of marginal utility was developed by?a)Paul Samuelsonb)Alfred Marshallc)Hicks & Allend)RobbinsCorrect answer is option 'B'. Can you explain this answer?
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