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  1. marginal utility

    • n.
      the benefit gained from consuming one additional unit of a product or service
    • noun: marginal utility

    • 釋義
    • n.
      名詞
    • 1. the benefit gained from consuming one additional unit of a product or service:

      the law of marginal utility states that the first x is worth more than the second x (be it dollars, hours of free time, video games, pieces of food, etc.)

    • 更多解釋
    • n.
      the benefit gained from consuming one additional unit of a good or service:
    • the value of corn for this farmer would be determined by its marginal utility

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