1.2a Negative Marginal Utility is misattributed
I am convinced that negative marginal utility is misattributed: the MU curve does not go negative, as shown below.
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Wikipedia. |
The fractal shows us that production and benefit are never separated; you cannot have one without the other.
The increasing marginal cost (MC) after fractal equilibrium (green in Fig. 2 and 2b below) is more than enough to account for this 'negative marginal utility'. The cost rises - greater than the satisfaction or benefit -after fractal equilibrium: this is the feeling of being ill after excess consumption, of having had too much of something.
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