Linked from

The 23 pages that link to Marginal Utility, each with the reason it gives.

• Consumer surplusRelated: In standard models, declining marginal utility helps explain downward-sloping willingness to pay.

• Supply and demandRelated: Buyers’ marginal benefit helps explain how much they are willing to pay.

• Labor theory of valueCompared with: Marginalist theories explain value through consumers’ assessments, not the labor embodied in production.

• Neoclassical economicsRelated: Comparing marginal utility with price helps explain consumers’ purchasing decisions.

• Utility functionBroader topic: Its rate of change helps characterize trade-offs between goods.

• Marxian economicsCompared with: It underpins a subjective theory of value that differs from Marx’s labor-centered account.

• Risk aversionRelated: Declining marginal utility makes losses and gains of equal size matter unequally.

• ScarcityRelated: It helps explain how people rank competing uses for limited resources.

• Léon WalrasRelated: Walras’s account of value relied on utility at the margin rather than labor embodied in goods.

• Willingness to payRelated: The value of an extra unit often falls as a buyer consumes more.

• Consumer choiceRelated: Marginal valuations help explain how consumers allocate spending across goods.

• William Stanley JevonsRelated: Jevons made diminishing marginal utility central to explaining consumer choice and value.

• MarginalismBroader topic: It supplies the consumer-side measure used to explain choices at the margin.

• Use-valueCompared with: Marginal utility explains choices through incremental satisfaction, unlike Marx’s account of use-value as a property of useful goods.

• Carl MengerRelated: Menger used the importance of the next available unit to explain economic value.

• Ludwig von MisesRelated: Mises drew on marginal utility to explain how individual valuations shape exchange ratios.

• Subjective theory of valueRelated: It connects an individual’s changing preference for units to their valuation.

• Alfred MarshallRelated: Marshall used marginal utility to explain consumer demand and diminishing willingness to pay.

• St. Petersburg paradoxRelated: Bernoulli’s explanation relies on each extra unit of wealth adding less utility than the previous one.

• Marginal revolutionBroader topic: It supplied the key explanation for why value depends on the next available unit, not total usefulness.

• Value TheoryBroader topic: Marginal utility shows how subjective valuation can vary with the quantity available.

• History of Economic ThoughtRelated: It became a central explanation of value in the marginalist transformation.

• Hermann Heinrich GossenRelated: His account of declining satisfaction from successive units anticipated this central concept.