Aug 10, 2025 · Marginal utility is the amount of additional satisfaction that a consumer gets from having one more unit of a good or service. This amount can be positive, negative, or zero.

marginal utility, in economics, the additional satisfaction or benefit (utility) that a consumer derives from buying an additional unit of a commodity or service.

Marginal utility, in mainstream economics, describes the change in utility (pleasure or satisfaction resulting from the consumption) of one unit of a good or service. [1]

What is Marginal Utility? Marginal utility refers to the additional benefit derived from consuming one more unit of a specific good or service. Consuming units can result in positive, negative, or zero …

Feb 21, 2025 · Marginal utility is a fundamental economic concept that explains how much additional satisfaction or benefit a person gains from consuming one more unit of a good or service.

Marginal utility theory examines the increase in satisfaction consumers gain from consuming an extra unit of a good. Utility is an idea that people get a certain level of satisfaction/happiness/utility from …

Oct 21, 2022 · Marginal Utility (or MU) is a concept in economics. It is a measure of additional satisfaction or benefits that a user gets from consuming one extra unit of a commodity or a service.

While utility marks the overall level of satisfaction that consumers achieve when they consume only the required amount of a product or service, marginal utility identifies how much more satisfaction …

Feb 2, 2022 · Marginal utility describes the change in satisfaction (the additional satisfaction) created through consumption of one extra unit of that good/service.

When assessing whether to buy or consume more of a product, consumers weigh the marginal utility against its cost, often leading to choices that maximize their overall satisfaction.