diminishing utility theory

diminishing utility theory
теория уменьшения полезности

English-russian dctionary of contemporary Economics. 2014.

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  • Diminishing returns — Economics …   Wikipedia

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  • Theory of the firm — The theory of the firm consists of a number of economic theories that describe the nature of the firm, company, or corporation, including its existence, behavior, structure, and relationship to the market.[1] Contents 1 Overview 2 Background …   Wikipedia

  • diminishing returns — 1. The notion that the incremental satisfaction derived from the consumption of a good or the use of a service decreases with each additional unit. For example, a smoker may derive a great deal of satisfaction, or *utility from the first… …   Auditor's dictionary

  • Marginal utility — In economics, the marginal utility of a good or service is the utility gained (or lost) from an increase (or decrease) in the consumption of that good or service. Economists sometimes speak of a law of diminishing marginal utility, meaning that… …   Wikipedia

  • Expected utility hypothesis — In economics, game theory, and decision theory the expected utility hypothesis is a theory of utility in which betting preferences of people with regard to uncertain outcomes (gambles) are represented by a function of the payouts (whether in… …   Wikipedia

  • Ordinal utility — theory states that while the utility of a particular good or service cannot be measured using a numerical scale bearing economic meaning in and of itself, pairs of alternative bundles (combinations) of goods can be ordered such that one is… …   Wikipedia

  • Cardinal utility — In economics, cardinal utility is a theory of utility under which the utility (roughly, satisfaction) gained from a particular good or service can be measured and that the magnitude of the measurement is meaningful. Under cardinal utility theory …   Wikipedia

  • Social choice theory — is a theoretical framework for measuring individual interests, values, or welfares as an aggregate towards collective decision. A non theoretical example of a collective decision is passing a set of laws under a constitution. Social choice theory …   Wikipedia

  • Endogenous growth theory — Development Economics …   Wikipedia

  • Total Utility — The aggregate level of satisfaction or fulfillment that a consumer receives through the consumption of a specific good or service. Each individual unit of a good or service has its own marginal utility, and the total utility is simply the sum of… …   Investment dictionary


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