Economics Marginal Utility Questions
The concept of marginal utility of entrepreneurship refers to the additional satisfaction or benefit that an entrepreneur derives from each additional unit of effort or input they put into their business or venture. It is the measure of the change in utility or satisfaction that an entrepreneur experiences when they increase or decrease their level of entrepreneurial activity. The marginal utility of entrepreneurship helps entrepreneurs make decisions regarding the allocation of their resources and efforts, as they aim to maximize their overall utility or satisfaction.