What does Marginal Utility mean?
The additional satisfaction or benefit that a consumer derives from consuming one more unit of a good.
The marginal utility of a second slice of pizza is usually lower than the first.
Marginal Utility in German, French, Spanish and Italian
GermanGrenznutzen
Der Zusatznutzen einer weiteren konsumierten Einheit.
FrenchUtilità marginale
Utilité de la dernière unité consommée d'un bien.
SpanishUtilidad marginal
Satisfacción extra que reporta el consumo de una unidad adicional.
ItalianUtilità marginale
Incremento di utilità derivante dall'ultima dose di bene consumata.
Common phrases with Marginal Utility
- diminishing marginal utility
- additional marginal utility
- derive marginal utility