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marginal utility

noun, Economics
1.
the extra utility or satisfaction derived by a consumer from the consumption of the last unit of a commodity.
Origin of marginal utility
1920-1925
1920-25
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2015.
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Examples from the Web for marginal utility
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  • Any unit of product sought for any purpose must be paid for according to a marginal utility determined in all the applications.

    The Principles of Economics Frank A. Fetter
  • But emphasis on these factors is not marginal utility theory!

    The Value of Money Benjamin M. Anderson, Jr.
  • And value is not bound up inseparably with labor-pain or marginal utility.

    The Value of Money Benjamin M. Anderson, Jr.
  • And marginal utility is the total utility of the marginal unit consumed.

    Social Value B. M. Anderson
  • The marginal utility or effectiveness of added agents tends to be equal on the intensive and the extensive margins.

    The Principles of Economics Frank A. Fetter
  • The marginal utility of money, thus, appears in separate services of money.

    The Value of Money Benjamin M. Anderson, Jr.
  • In other words, their marginal utilities are small, and it is only the marginal utility that has any relation to price.

    Supply and Demand Hubert D. Henderson

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