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How Understanding the Marginal Utility of Money Will Make you Happier | The Happy Philosopher
THE ECONOMICS OF PRO SPORTS: WHY ARE THE COWBOYS AND YANKEES SO VALUABLE? This lesson investigates the value of sports franchises in the various professional sports leagues. -EconEdLink, The Council for Economic Education-
Diminishing Marginal Utility- A law of economics stating that as a person increases consumption of a product - while keeping consumption of other products constant - there is a decline in the marginal utility that person derives from consuming each additional unit of that product. (Madison Beckner)