Dictionary.com
Thesaurus.com

marginal utility

American  

noun

Economics.
  1. the extra utility or satisfaction derived by a consumer from the consumption of the last unit of a commodity.


Etymology

Origin of marginal utility

First recorded in 1920–25

Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

See Examples For:

And it has a marginal utility curve that only helps you so much.

From The Verge Mar. 2, 2021

Because of diminishing marginal utility, people typically prefer a smooth path of consumption to one that jumps around.

From New York Times Jun. 21, 2014

So, the pricing function has organically evolved to take advantage of the marginal utility of money. 

From Forbes Aug. 5, 2013

In the language of economics, the marginal utility of time with your kids—the happiness you get from the last hour you spend with them—is declining as you spend more hours.

From Slate Jan. 8, 2013

We’d get back to our study of marginal utility another day.

From "All American Boys" by Jason Reynolds

Vocabulary.com logo
by dictionary.com

Join 12,000,000 vocabulary learners

Start learning new words today on VocabTrainer.
You'll remember them forever.

Start training