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.
Find out more about the mystery surrounding the Greek poet Homer and how his epic tales of 'The Iliad' and 'The Odyssey' have had a lasting influence on Western culture, on Biography.com. Although very little is known about the life of Greek poet Homer, credited with being the first to write down the epic stories of The Iliad and The Odyssey, the impact of his tales continue to reverberate through Western culture.