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.
In 1897, Samuel Butler scandalized Victorian England by claiming that a woman wrote The Odyssey.. In Rediscovering Homer, Andrew Dalby goes further -- arguing that a woman probably composed both The Odyssey and The Iliad.. These two epic poems, written around 650 B.C., are traditionally attributed to Homer. The truth is, we know virtually nothing about the poet or poets who penned them.