marginal utility

noun

Definition of marginal utility

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

Recent Examples of marginal utility from the Web

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.

First Known Use of marginal utility

1890


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