rajakäyttöarvon

Rajakäyttöarvo, also known as marginal utility, is a concept in economics that refers to the additional satisfaction or benefit a consumer derives from consuming one more unit of a good or service. It is the change in total utility that results from consuming an additional unit of a good or service. Marginal utility is a key concept in the theory of consumer behavior and is used to explain how consumers allocate their limited resources among different goods and services.

The law of diminishing marginal utility states that as a consumer consumes more of a good or service, the marginal utility of each additional unit decreases. This means that the additional satisfaction or benefit from consuming one more unit of a good or service becomes smaller and smaller. For example, the first slice of pizza may be very satisfying, but each subsequent slice provides less satisfaction.

Marginal utility is also used to determine the price of a good or service. The price of a good or service is typically set at the point where the marginal cost of producing the good or service equals the marginal utility of consuming it. This ensures that the good or service is produced and consumed efficiently.

In summary, rajakäyttöarvo is a measure of the additional satisfaction or benefit a consumer derives from consuming one more unit of a good or service. It is a key concept in the theory of consumer behavior and is used to explain how consumers allocate their limited resources among different goods and services. The law of diminishing marginal utility states that as a consumer consumes more of a good or service, the marginal utility of each additional unit decreases. Marginal utility is also used to determine the price of a good or service.