marginal utility

Definition

Amount of benefit derived from consuming one additional unit of a product or service.

Use marginal utility in a sentence

There was enough marginal utility left and that made me and my colleague very happy to know for future reference.

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The notion of marginal utility quantifies the benefit reaped from using just one more unit of any given item for sale.

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After the movie, my wife asked me if I wanted to eat any of her popcorn and I told her I couldn't eat another piece and my marginal utility of more popcorn was nonexistent.

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marginal tax rate diminishing marginal utility