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In 1883, Alexander Graham Bell (Inventor of the Telephone), After

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In 1883, Alexander Graham Bell (inventor of the telephone) , after determining that deafness was hereditary in nature, suggested that two individuals who are deaf should not marry (and, therefore, produce children) . This is an example of


Definitions:

Marginal Utility

The extra pleasure or benefit gained by a consumer from using an additional unit of a product or service.

Utility-maximizing

Refers to the economic principle where individuals or households attempt to get the highest level of satisfaction from their resources.

Income

The money received, especially on a regular basis, for work or through investments.

Marginal Utility

The increased enjoyment or value one gets from the consumption of an extra unit of a good or service.

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