marginal utility

1. 1.

   (economics) the amount that utility increases with an increase of one unit of an economic good or service

   Broaderutility

   economics

Questions about marginal utility

What does marginal utility mean?

marginal utility means "(economics) the amount that utility increases with an increase of one unit of an economic good or service".

Is marginal utility a common word?

marginal utility is banded "Rare" — specialist or archaic — most readers will not have met it. The band comes from how often the word appears in a large corpus of everyday English, not from an editor's impression.