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 Odyssey by Homer Written 800 B.C.E. Context. NEARLY THREE THOUSAND YEARS after they were composed, the Iliad and theOdyssey remain two of the most celebrated and widely read stories ever told, yet next to nothing is known about their author.