marginal benefit

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English - English

Definition of marginal benefit in English English dictionary: The extra benefit received from a small increase in the consumption of a good or service. It is calculated as the increase in total benefit divided by the increase in consumption; the extra benefits resulting, for instance, from the increased consumption of a commodity; the increase in the willingness to pay to consume one more unit of a good (chapter 5); The increase in total benefit from doing something a little more (p 238); The extra benefit (utility) caused by providing one extra unit of a resource; The increase in total benefit consequent upon a one unit increase in the production of a good; the additional benefit obtained by consuming the last (or next) unit of a commodity (S1) chinese | russian; The monetary value of the benefit associated with the consumption of one additional unit of a good or service; The increase in total benefit resulting from a one-unit increase in the scale of provision of a public good; the incremental benefit of a service; when evaluating a service, economists weigh its marginal benefit against its marginal cost
marginal benefits: plural form of marginal benefit

marginal benefit

Hyphenation

mar·gin·al Ben·e·fit

märcınıl benıfît

/ˈmärʤənəl ˈbenəfət/ /ˈmɑːrʤənəl ˈbɛnəfɪt/

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