The value gained from either consuming or producing one additional unit of a product or service.
the marginal value to him of an extra acre would be less than its price
you can add smart people to a team to get increased output, although at decreasing marginal values
Example sentencesExamples
- Expectations for use of Internet resources must be justified by added marginal value to the instructional activity.
- The marginal value of membership clearly was less than the fee increase for about 400 former members.
- Older women place a very high marginal value on their health.
- He showed that the use of money was determined by marginal value, just as the use of any other good.
- The marginal value of the second sock is a matching pair of socks.