marginal utility

  1. 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 Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2023

How to use marginal utility in a sentence

  • The garment as a whole is far from being a "marginal utility" to any one; and yet there is something in it that is so.

  • Or is the reigning Austrian economics profound in its reliance upon marginal utility?

    Creative Intelligence | John Dewey, Addison W. Moore, Harold Chapman Brown, George H. Mead, Boyd H. Bode, Henry Waldgrave, Stuart James, Hayden Tufts, Horace M. Kallen
  • And the increment of utility which she derives from buying this marginal pound we call the "marginal utility" of sugar to her.

    Supply and Demand | Hubert D. Henderson