Marginal Value Preference is the value preference that a person assigns to the ownership of one additional unit of a good. This marginal value preference drops lower on one’s value scale with every additional owned unit of the good.
True Economics Applied in the Real World
Marginal Value Preference is the value preference that a person assigns to the ownership of one additional unit of a good. This marginal value preference drops lower on one’s value scale with every additional owned unit of the good.