International Journal of Tax Economics and Management

Marginal Utility & its Diminishing Methods

Author: Luiz Carvalho Castro Antônio Souza Araujo | Published on: 28 February, 2019   Page: 35-47

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Abstract
In this article we have shown what is marginal utility in economics and its diminishing method mathematically. Marginal utility is an economic concept and very important to the theory of economic sciences. So we selected this topic to describe it with the concept of economics and mathematics elaborately. At the beginning of this article readers will find the definition of marginal utility and at the middle of this article, readers will find it's diminishing method mathematically. The term marginal utility has a good impact in economics. In economics, utility is the satisfaction or benefit derived by consuming a product; thus the marginal utility of a good or service is the change in the utility from an increase in the consumption of that good or service.

Keywords
Marginal Utility; Diminishing Method; Marginality and Marxism; Theory of Marginal Utility.

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Castro, L., C, Araujo, A., S (2019), Marginal Utility & its Diminishing Methods. International Journal of Tax Economics and Management, 2(6), 35-47.

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    Castro, L., C, Araujo, A., S (2019) "Marginal Utility & its Diminishing Methods", International Journal of Tax Economics and Management, 2(6), pp.35-47.

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    Castro, L., C, Araujo, A., S. Marginal Utility & its Diminishing Methods. International Journal of Tax Economics and Management. 2019; 2(6): 35-47.

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    Castro, L., C, Araujo, A., S. Marginal Utility & its Diminishing Methods. International Journal of Tax Economics and Management. 2019; 2(6): 35-47.

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    Castro, L., C, Araujo, A., S. Marginal Utility & its Diminishing Methods. International Journal of Tax Economics and Management. 2019; 2(6): 35-47.

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    [This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited (CC BY 4.0).]

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    Author Details


    Luiz Carvalho Castro
    Department of Economic Sciences
    São Judas Tadeu University
    luizcarvalho@hotmail.com

    Antônio Souza Araujo
    Department of Economic Sciences
    São Judas Tadeu University
    antonioaraujo@hotmail.com