marginal utility

marginal utility definition - finance
The additional satisfaction received from goods or services that is derived from consuming one more unit. For example, if a person is hungry, one hamburger may provide a great deal of satisfaction, or utility. The second hamburger provides less utility, and the third one provides little or no utility. The value of a good depends on its utility.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

Comments
Improve this definition.
Do you have more to add? Share your linguistic knowledge or observation.
/Register to save your comments.