Marginal utility, then, asks how much a one-unit change in a variable will impact our utility (that is, our level of happiness. Marginal utility analysis answers questions such as:
The Greek poet Homer was born sometime between the 12th and 8th centuries BC, possibly somewhere on the coast of Asia Minor. He is famous for the epic poems The Iliad and The Odyssey, which have had an enormous effect on Western culture, but very little is known about their alleged author. Homer is a mystery.
Back to Top of Page. The Odyssey (Gr: Odysseia) is the second of the two epic poems attributed to the ancient Greek poet Homer (the first being The Iliad), and usually considered the second extant work of Western literature. It was probably composed near the end of the 8th Century BCE and is, in part, a sequel to The Iliad.