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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

In a March 26 View From Chicago, Eric Posner misstated that the utilitarian imperative is to find the lowest marginal utility of money.

From Slate Apr. 3, 2015

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

That is, each one of us has a marginal utility curve, custom fitted to our own personal tastes. 

From Forbes Aug. 5, 2013

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

From "All American Boys" by Jason Reynolds

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