(plural marginal utilities)
- (economics) The additional utility to a consumer from an additional unit of an economic good.
marginal utility - Investment & Finance Definition
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.