The concept of marginal utility is a very common one for many people. I have used the term throughout my career and I have never heard anyone object.
But I have heard the term criticized. For instance, the concept of marginal utility is often associated with the concept of “utility-maximization”. This is when a person is trying to maximize some utility (like, for instance, the utility to increase health) by consuming some amount of other utility (like, for instance, the amount of money a person is spending on a car).
In this case, marginal utility is the opposite of utility-maximization. It is when a person is trying to increase the utility of a marginal item by consuming more of the marginal item.
However, it’s a bit more complicated than that because it involves a more complex concept called the marginal benefit function. The benefits of consuming a marginal item is a function of the amount of that item consumed. When you consume more of something, you reduce the total amount of that item. When you consume less of something, the total amount of that item increases. This idea comes from the idea that marginal utility is an abstraction that only applies to goods.
The idea behind this idea, and its application to the design of the game, is that the game only rewards you for what you use, and the more you use the more you get out of the situation, but the less you use the less you get out of the situation. To get a better idea of what marginal utility is, imagine that you have a bag of money with a thousand dollars in it. The bag is in a place with an infinite amount of money in it.
There are millions of dollars in the bag right now that you don’t use. The problem is, there are millions of dollars in the bag that you don’t have. The problem is, you don’t know what you don’t have, so you don’t know whether the marginal utility of the money in the bag is even greater.
So basically, the problem with marginal utility is that you dont know if you do have more or less utility than the money in the bag.
Sure, the marginal utility of the money in the bag actually is greater. But marginal utility is relative. The marginal utility of a bag of money in a particular place is relative to the total amount of money in the bag in that place.
I’m talking about the total amount of money in the bag vs. the total amount of total utility (money + utility) in that place. Marginal utility is a little more complicated. The marginal utility from the total amount of money in the bag is always greater than the total utility from that bag. That marginal utility is actually the total utility from the bag, minus the marginal utility of the money in the bag.
