NOUN
- (economics) the amount that utility increases with an increase of one unit of an economic good or service
How To Use marginal utility In A Sentence
- In this case, even with increasing marginal utility, we do not necessarily get specialization in consumption.
- In addition, the relationship among marginal rate of substitution, marginal utility and telescopic index is obtained.
- Given diminishing marginal utility of income, more income in one period can not compensate for lower income in another period.
- Consequently ecosystem value has rigid trait which is different from the law of diminishing marginal utility.
- Consequently ecosystem value has rigid trait which is different from the law of diminishing marginal utility.
- If the marginal utility of an additional dollar is declining, then to optimize utility (or happiness as the author puts it), take the less utilized dollar from a high income earner and give it to a more utilized lower income earner. Speaking of Rising Inequality, Arnold Kling | EconLog | Library of Economics and Liberty
- One reason is rising expectations and what economists call diminishing marginal utility. Times, Sunday Times
- By contrast, hoarding of a non-monetary commodity is kept within bounds by declining marginal utility.
- Bryan Caplan completely misconceives the relationship between the law of marginal utility, time preference, the intertemporal allocation of resources and the interest rate. The Myth of Time Preference, Bryan Caplan | EconLog | Library of Economics and Liberty
- Traditionally, the marginal utility of land utilization in that area was low.
