marginal utility
noun Economics.
the extra utility or satisfaction derived by a consumer from the consumption of the last unit of a commodity.
Origin of marginal utility
First recorded in 1920–25
Words nearby marginal utility
marginal man,
marginal probability,
marginal sea,
marginal sinus of placenta,
marginal tax rate,
marginal utility,
marginalia,
marginalize,
marginate,
margination,
marginoplasty
Example sentences from the Web for marginal utility
Yet the argument proceeds according to the rules of marginal-utility permutations.
The Place of Science in Modern Civilisation and Other Essays |Thorstein VeblenThis difficulty is recognized by the current marginal-utility arguments, and an allowance for intensity is made or presumed.
The Place of Science in Modern Civilisation and Other Essays |Thorstein VeblenThere is, therefore, no call to impugn these premises of the marginal-utility economics within their field.
The Place of Science in Modern Civilisation and Other Essays |Thorstein VeblenThe limitations of the marginal-utility economics are sharp and characteristic.
The Place of Science in Modern Civilisation and Other Essays |Thorstein Veblen