Register
The marginal theory of value takes account of both scarcity and desirability by holding that, the total value of a good depends on the _______ rendered by the last unit consumed.
86.8k views
4 votes
The marginal theory of value takes account of both scarcity and desirability by holding that, the total value of a good depends on the _______ rendered by the last unit consumed.

User OnIIcE
by
7.4k points

1 Answer

2 votes
The marginal theory of value takes account of both scarcity and desirability by holding that, the total value of a good depends on the utility rendered by the last unit consumed.

Answer: utility.
User Perry Tew
by
8.2k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.5m questions

12.2m answers

Other Questions

Who was the boy who  became king at the age of 9?
Why did people immigrate to the United States in the late 1800s?
In the peaceful period of the Middle Kingdom, what area of culture thrived?
Why did the slogan Peace Land and Bread appeal to the Russian people?
Why wasn't New England's land well-suited for farming
Link Copied!