Phrases with «marginal utility»

The phrase "marginal utility" refers to the additional satisfaction or benefit that a person receives from consuming or acquiring one more unit of a particular product or service. In simple terms, it means the extra value or enjoyment we get from each additional item we have or use. Full definition

utility (parent phrase)
marginal (parent phrase)

marginal utility

Sentences with «marginal utility»

The diminishing marginal utility of the dollar is implicit.... (firstthings.com)
It looks at the concept of utility and the law of diminishing marginal utility with a couple of suggested videos as prompts to get people thinking. (tes.com)
Visitors are invited to experience the principle of diminishing marginal utility by eating as many of the candies as they like. (bmoreart.com)
(see all sentences)

Phrases with «marginal utility»

Sentences with «marginal utility»

See also