Outrageously Funny Word Dictionary :: Margullie

👉 Margullie is a concept in economics that refers to the "marginal utility" of an item. It's related to the concept of profit and how it changes with the price of an item. Margullie shows that if the price of an item increases, the marginal utility for the person who owns it decreases. This means that as the quantity consumed by a consumer goes up, they will consume less of the good because the additional amount of consumption is less than the utility gained from consuming

margullie