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.
(Epic Poem, Greek, c. 750 BCE, 15,693 lines). The Iliad (Gr: Ili s) is an epic poem by the ancient Greek poet Homer, which recounts some of the significant events of the final weeks of the Trojan War and the Greek siege of the city of Troy (which was also known as Ilion, Ilios or Ilium in ancient times).