marginaalväärtuste
Marginaalväärtuste, often translated as marginal values, refers to the value of an additional unit of a good or service. In economics, this concept is fundamental to understanding consumer choice and producer behavior. For consumers, the marginal value represents the additional satisfaction or utility gained from consuming one more unit of a product. As consumption increases, the marginal value typically diminishes due to the law of diminishing marginal utility, meaning each subsequent unit provides less additional satisfaction than the previous one. This principle explains why demand curves slope downwards.
For producers, marginal value relates to the additional revenue generated from selling one more unit of output,
The concept of marginal value is not limited to economics and can be applied in various fields