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)

Credits