Marginalist theory of value advanced the view that a commodity's valueMultiple Choiceis whatever each consumer perceives it to be in a given contextis a derivative of its labor costsmust be determined by a central authority to prevent gouging and other exploitationis best determined by regulators who can calculate the marginal utility of the commodity

The marginalist theory is a theory of economics that focuses on the concept of marginal utility, or…

Answered: Marginalist theory of value advanced…

Marginalist theory of value advanced the view that a commodity's value. Multiple Choice is whatever each consumer perceives it to be in a given context is a derivative of its labor costs

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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