| / English Dictionary |
MARGINAL UTILITY
| Pronunciation (US): |  | (GB): | |
I. (noun)
Sense 1
Meaning:
(economics) the amount that utility increases with an increase of one unit of an economic good or service
Classified under:
Nouns denoting quantities and units of measure
Hypernyms ("marginal utility" is a kind of...):
utility ((economics) a measure that is to be maximized in any situation involving choice)
Domain category:
economic science; economics; political economy (the branch of social science that deals with the production and distribution and consumption of goods and services and their management)
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