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.
The Iliad is the oldest war poem in the world. We know it as having been composed in Greece by Homer, a supposedly blind poet born on the island of Chios, and written down probably some time in the eighth century BC.he Iliad is the oldest war poem in the world. We know it as having been composed in Greece by Homer, a supposedly blind poet born on the island of Chios, and written down probably some time in the eighth century BC.