Aug 10, 2025 · Marginal utility is the amount of additional satisfaction that a consumer gets from having one more unit of a good or service. This amount can be positive, negative, or zero.

marginal utility, in economics, the additional satisfaction or benefit (utility) that a consumer derives from buying an additional unit of a commodity or service.

Marginal utility, in mainstream economics, describes the change in utility (pleasure or satisfaction resulting from the consumption) of one unit of a good or service. [1]

What is Marginal Utility? Marginal utility refers to the additional benefit derived from consuming one more unit of a specific good or service. Consuming units can result in positive, negative, …

Feb 21, 2025 · Marginal utility is a fundamental economic concept that explains how much additional satisfaction or benefit a person gains from consuming one more unit of a good or …

While utility marks the overall level of satisfaction that consumers achieve when they consume only the required amount of a product or service, marginal utility identifies how much more …

The concept of marginal utility in economics is one which explains how consumers gain additional satisfaction from the last unit of a good or service that they consume, and how they seek to …

Marginal utility theory examines the increase in satisfaction consumers gain from consuming an extra unit of a good. Utility is an idea that people get a certain level of …

Feb 6, 2022 · The meaning of MARGINAL UTILITY is the amount of additional utility provided by an additional unit of an economic good or service.

Oct 25, 2023 · Marginal utility is a concept in economics that measures the satisfaction or benefit an individual derives from consuming an additional unit of a good or service.