marginal utility

English - Turkish

Definition of marginal utility in English Turkish dictionary: (Ekonomi) Marjinal fayda; (Ticaret) marjinal yarar
marginal utility school: (Ticaret) marjinal fayda okulu
diminishing marginal utility: azalan marjinal fayda
diminishing marginal utility: (Ticaret) azalan marjinal fayda ilkesi
increasing marginal utility: (Ticaret) artan marjinal fayda

English - English

Definition of marginal utility in English English dictionary: The additional utility to a consumer from an additional unit of an economic good; (Ekonomi) The amount that utility increases with an increase of one unit of an economic good or service; profit derived from each additional unit produced by a manufacturer (Economics); In economics, the additional satisfaction or benefit (utility) that a consumer derives from buying an additional unit of a commodity or service. The law of diminishing utility implies that utility or benefit is inversely related to the number of units already owned. For example, the marginal utility of one slice of bread offered to a family that has five slices will be great, since the family will be less hungry and the difference between five and six is proportionally significant. An extra slice offered to a family that has 30 slices will have less marginal utility, since the difference between 30 and 31 is proportionally smaller and the family's appetite may be satisfied by what it already has. The concept grew out of attempts by 19th-century economists to explain the fundamental economic reality of price; (economics) the amount that utility increases with an increase of one unit of an economic good or service
law of diminishing marginal utility: In economics, the theory there is a general decrease in the utility of a product, as more units of it are consumed

marginal utility

Hyphenation

mar·gin·al u·ti·li·ty

märcınıl yutîlıti

/ˈmärʤənəl yo͞oˈtələtē/ /ˈmɑːrʤənəl juːˈtɪlətiː/

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