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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
1920-1925
1920-25
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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Examples from the web for marginal utility
  • There were critics who would say this was all trivial tinkering, modest stuff of marginal utility.
  • Per-page marginal utility, it's true, is unusually high.
  • The company was based on economic theory-specifically, on the idea of declining marginal utility.
  • Because of diminishing marginal utility, income redistribution from the rich to the poor is a key part of the utilitarian's plan.
  • If prices are above marginal utility, they will eventually revert.
  • Bottom line: hiring will only occur when the marginal utility of labor inputs exceeds the marginal utility of capital inputs.
  • When prices inevitably revert to marginal utility, those who leveraged to buy the top lose.
  • As she reckoned it, my marginal cost was tiny compared to her marginal utility.
  • In other words, the marginal utility curve of increased inputs into education is nonlinear and probably haystack shaped.
  • There are few better illustrations of the law of diminishing marginal utility.

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