We have concluded that the value of each unit of any good is equal to its marginal utility at any point in time, and that this value is determined by the relation between the actor’s scale of wants and the stock of goods available. We know that there are two types of goods: consumers’ goods, which directly serve human wants, and producers’ goods, which aid in the process of production eventually to produce consumers’ goods. It is clear that the utility of a consumers’ good is the end directly served. The utility of a producers’ good is its contribution in producing consumers’ goods. With value imputed backward from ends to consumers’ goods through the various orders of producers’ goods, the utility of any producers’ good is its contribution to its product—the lower-stage producers’ good or the consumers’ good.
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