marginal utility

noun

: the amount of additional utility provided by an additional unit of an economic good or service

Example Sentences

Recent Examples on the Web Income gains can overcome diminishing marginal utility. Bill Conerly, Forbes, 26 Aug. 2022 Perhaps, Berwald opines, the popularity of the move to ban oxybenzone owes as much to a desire to do something in the face of the threats to coral reefs, even if that something is of marginal utility. Tim Flannery, The New York Review of Books, 4 Nov. 2021 Iguodala still had marginal utility as a back-end rotation piece. The Salt Lake Tribune, 6 Feb. 2022 His central idea of marginal utility was simultaneously developed in England by W.S. Jevons and on the Continent by Léon Walras. Edward Chancellor, The New York Review of Books, 14 May 2020 His central idea of marginal utility was simultaneously developed in England by W.S. Jevons and on the Continent by Léon Walras. Edward Chancellor, The New York Review of Books, 14 May 2020 His central idea of marginal utility was simultaneously developed in England by W.S. Jevons and on the Continent by Léon Walras. Edward Chancellor, The New York Review of Books, 14 May 2020 His central idea of marginal utility was simultaneously developed in England by W.S. Jevons and on the Continent by Léon Walras. Edward Chancellor, The New York Review of Books, 14 May 2020 His central idea of marginal utility was simultaneously developed in England by W.S. Jevons and on the Continent by Léon Walras. Edward Chancellor, The New York Review of Books, 14 May 2020 See More

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'marginal utility.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

Word History

First Known Use

1890, in the meaning defined above

Time Traveler
The first known use of marginal utility was in 1890

Dictionary Entries Near marginal utility

Cite this Entry

“Marginal utility.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/marginal%20utility. Accessed 26 Nov. 2022.

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