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单词 marginal utility
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marginal utility
marginal utility n. Economics the increase in utility which a person derives from the use or consumption of one additional unit of a good or service; cf. marginal value n.
ΚΠ
1890 A. Marshall Princ. Econ. (1898) iii. iii. 168 That part of the thing which he is only just induced to purchase may be called his marginal purchase, because he is on the margin of doubt whether it is worth his while to incur the outlay required to obtain it. And the utility of his marginal purchase may be called the marginal utility of the thing to him.
1925 J. M. Keynes in A. C. Pigou Memorials A. Marshall 22 It undoubtedly gave Jevons priority of publication as regards the group of ideas connected with ‘marginal’ (or, as Jevons called it, ‘final’) utility.
1931 Encycl. Social Sci. V. 366/1 In 1871..W. Stanley Jevons coined the phrase final utility, Carl Menger spoke of marginal utility and Léon Walras used the term rarity.
1960 Amer. Econ. Rev. 50 177 The demand schedule and demand elasticity are described with the assistance of the marginal utility concept.
1997 A. Sivanandan When Memory Dies iv. 161 The Economics professor went on and on about apples and oranges and marginal utility.
extracted from marginaladj.n.
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