Marginal Utility

profit derived from each additional unit produced by a manufacturer (Economics)

“Marginal revolution” redirects here. For the economics weblog, see Marginal Revolution (blog). In economics, under the mainstream assumptions, the marginal utility of a good or service is the posited increase in utility obtained by consuming or using one more unit of that good or service. The concept grew out of attempts by economists to explain the determination of price. The Austrian economist Friedrich von Wieser coined the term “Grenznutzen” (“border-use”). It was translated “marginal utility” in 1889 and credited to Wieser by Alfred Marshall.
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Noun
1. (economics) the amount that utility increases with an increase of one unit of an economic good or service
(hypernym) utility
(classification) economics, economic science, political economy

The change in total satisfaction as a result of consuming one additional unit of a specific good or service.