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]

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.

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 …

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 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 …

Marginal utility is an economic concept that refers to the additional satisfaction or pleasure a consumer derives from purchasing one more unit of a good or service. It is crucial for …

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

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 …

When assessing whether to buy or consume more of a product, consumers weigh the marginal utility against its cost, often leading to choices that maximize their overall satisfaction.