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  2. Share Prices
  3. Finance Glossary
  4. Terms Beginning With M
  5. Marginal Utility

Marginal Utility

Definition of 'Marginal Utility'

The Marginal Utility of a good is the increase in total utility obtained by consuming one more unit of that good, for given consumption of other goods.

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Related Terms

Diminishing Marginal UtilityDiminishing Marginal Rate of SubstitutionMarginal Rate of SubstitutionDistortionMarginal FirmMCCMEIIndifference CurveOptimal PortfolioPublic UtilityMarginal CostMarginal Cost of CapitalMarginal Efficiency of InvestmentMarginal Product of LabourMarginal Propensity to ImportMarginal Propensity to SaveMarginal RevenueMarginal Value Product of CapitalPeak Load PricingThe Law of Diminishing Returns

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