1. Which expression has more \"hits\" on Google? THE MARGINALIST REVOLUTION AND
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1. Which expression has more "hits" on Google?
THE MARGINALIST REVOLUTION AND ITS FORERUNNERS A BRIEF HISTORY OF ECONOMIC THOUGIHT, CH. 10, CH. 11.1, AND LECTURE) QUESTION 1. Which expression has more "hits" on Google? marginal revolution B marginalist revolution QUESTIONS 2-18. Here are the names of nine economists. A Augustin Cournot B Jules Dupuit C Hermann Heinrich Gossen D William Stanley Jevons E Mountifort Longfield F William Forster Lloyd G Carl Menger H Johann Heinrich von Thünen I Léon Walras QUESTIONS 2-7. Which six writers were forerunners of marginal analysis? (Please write their last names.) QUESTIONS 8-1s test your understanding of the three major figures of the marginalist revolution. QUESTIONS -13. Which three writers independently and almost simultaneously inaugurated the first wave of the marginal revolution in the 1870s? And what were their respective nationalities? (SIX POINTS) 14. Which writer did not use mathematical formulas or diagrams? 15. Which writer used the expression final degree of utility? 16. Which writer developed the idea of a general equilibrium? 17. Which writer used the expression rarity instead of final or marginal degree of utility? 18. Which writer avoided the term "utility," preferring to speak of the importance of satisfactions?Explanation / Answer
Ques 1) Marginal revolution has more hits on google.
Ques 2-7) The 6 forerunners are as follows:-
Johann Heinrich Von Thünen, Hermann Heinrich Gossen, and Augustin Cournot were the most important of those earlier forerunners; but the revolution i.e., its impact on the whole profession began in 1870-1871, William Stanley Jevons in England, Carl Menger at the University of Vienna, Leon Walras in Switzerland (University of Lausanne) were the forerunners.
Ques 8-13. The 3 writers who inaugurated the first wave are:-
(A) Willian stanley jevons, British nationality.
(B) Leon walras, French nationality.
(C) Carl menger, belonged to Austria
14. Carl Menger did not use mathematical formulas & diagrams.
15. William Stanley Jevons used final degree of utility.
16. Leon Walras developed the idea of general equilibrium.
17. Leon Walras used rarity instead of final or marginal degree of utility.
18. Carl Menger avoided utility & preferred to speak of importance of satisfaction.
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