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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
First recorded in 1920-25
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2017.
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Examples from the Web for marginal utility
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  • The marginal utility of each is lessened by the presence of the other.

    The Principles of Economics Frank A. Fetter
  • The value of money, thus defined, is to be explained by marginal utility.

    The Value of Money Benjamin M. Anderson, Jr.
  • But emphasis on these factors is not marginal utility theory!

    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
  • For Professor Seligman, on the other hand, value is a quantity of marginal utility.

    Social Value B. M. Anderson
  • This opens the way to a theory of the value of money based on marginal utility.

    The Value of Money Benjamin M. Anderson, Jr.
  • The marginal utility of money, thus, appears in separate services of money.

    The Value of Money Benjamin M. Anderson, Jr.

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