...lefthand column of the demand schedule increase, those in the right-hand column will always diminish. The price will measure the marginal utility of the...and circumstances of different people are different. § 5. The demand prices in our list are those at which various quantities of a thing can be sold in...

...lefthand column of the demand schedule increase, those in the right-hand column will always diminish. The price will measure the marginal utility of the...and circumstances of different people are different. § 5. The demand prices in our list are those at which various quantities of a thing can be sold in...

...the fact is so indicated by parenthetical reference. ' "The price will measure the marginal utility to each purchaser individually : we cannot speak of...general, because the wants and circumstances of different men are different." — Alfred Marshall, Principles of Economics, 4th ed., Macmillan, 1898, p. 174...

...influence on demand of the growth of a rival commodity. Relation of the following to the preceding chapter. The price will measure the marginal utility of the...and circumstances of different people are different. § 6. The demand prices in our list are those at which various quantities of a thing can be sold in...

...marginal utility of the commodity to each purchaser individually: we cannot speak of price as measuring utility in general, because the wants and circumstances of different people are different"; that "As has already been urged, we cannot compare the quantities of two benefits, which are enjoyed...

...market price measures general marginal utility."7 in spite of the latter's definite assertion that "we cannot speak of price as measuring marginal utility...and circumstances of different people are different. "8 Apart from direct misrepresentation of this kind, of which there are numerous examples (nowhere,...