HyperDic: marginal_utility

English > 1 sense of the expression marginal utility:
NOUNquantitymarginal utility(economics) the amount that utility increases with an increase / increase of one unit of an economic good or service
English > marginal utility: 1 sense > noun 1, quantity
Meaning(economics) the amount that utility increases with an increase / increase of one unit of an economic good or service.
Categoryeconomics, economic science, political economyThe branch of social science that deals with the production and distribution and consumption of goods and services and their management
Broaderutility(economics) a measure that is to be maximized in any situation involving choice
Catalanutilitat marginal

©2001-24 · HyperDic hyper-dictionary · Contact

English | Spanish | Catalan
Privacy | Robots

Valid XHTML 1.0 Strict