Marginal utility
id:
marginal-utility-214-1747271
title:
Marginal utility
text:
In mainstream economics, marginal utility describes the change in utility of one unit of a good or service.
Marginal utility can be positive, negative, or zero. Negative marginal utility implies that every additional unit consumed of a commodity causes more harm than good, leading to a decrease in overall utility. In contrast, positive marginal utility indicates that every additional unit consumed increases overall utility. In the context of cardinal utility, liberal economists postulate a law o
brand slug:
wiki
category slug:
encyclopedia
description:
Benefit derived from consuming a product
original url:
https://en.wikipedia.org/wiki/Marginal_utility
date created:
2002-05-27T01:32:39Z
date modified:
2024-09-12T13:31:40Z
main entity:
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image:
fields total:
13
integrity:
15