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After reading 2132 websites, we found 10 different results for "what is marginal utility"
the change in satisfaction from consuming one more unit
Utility is the satisfaction from consumption, while marginal utility is the change in satisfaction from consuming one more unit.
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In economics terms as additional utility gained from the consumption of an additional unit of a good
In economics terms, Marginal Utility (MU) can be defined as additional utility gained from the consumption of an additional unit of a good.
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the additional satisfaction a customer receives upon getting or utilizing a unit of product
Marginal utility is the additional satisfaction a customer receives upon getting or utilizing a unit of product.
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the incremental increase in utility that results from the consumption of one additional unit
Marginal utility is the incremental increase in utility that results from the consumption of one additional unit.
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the first derivative of total utility
Marginal utility is the first derivative of total utility.
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the change in utility resulting from a given change in the consumption of a good
The broader concept of marginal utility is the change in utility resulting from a given change in the consumption of a good.
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the additional benefit that a consumer derives from buying an additional unit of a good
Marginal utility is the additional benefit that a consumer derives from buying an additional unit of a good.
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The pleasure a customer derives from each extra unit consumed
The pleasure a customer derives from each extra unit consumed is known as marginal utility.
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the change in total utility from an additional unit
Total utility is the satisfaction from consuming multiple units of a good, while marginal utility is the change in total utility from an additional unit.
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the utility of the last or marginal unit consumed
Now marginal utility is the utility of the last or marginal unit consumed, says the Austrian School, which determines value.
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