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.
What is the Iliad? The Iliad is an ancient Greek poem that, like the Odyssey, is purported to have been created by a man named Homer. Along with The Odyssey, The Iliad is a part of the oldest collection of epic poetry in history. The Iliad is and ancient Greek poem that, like the Odyssey, is purported to have been created by a man named Homer. Although no one has concrete evidence relating to the author of these tales, it is widely accepted that Homer was a blind Ionian bard. The Odyssey and The Iliad were created sometime between 800