marginal benefit
marginal benefit · marginal benefits
The extra benefit received from a unit increase in the consumption of a good or serviceThe extra benefit received from a unit increase in the consumption of a good or service. It is calculated as the increase in total benefit divided by the increase in consumption.
Meaning
1 sensesThe extra benefit received from a unit increase in the consumption of a good or service. It is calculated as the increase in total benefit divided by the increase in consumption.
Forms
plural: marginal benefits| Singular | marginal benefit |
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regular
Synonyms
1 synonymsSee also
neighbours in the dictionaryDictionary text adapted from Wiktionary (Wiktionary contributors, CC BY-SA 4.0) and Open English WordNet / Princeton WordNet (CC BY 4.0, WordNet License); shared under CC BY-SA 4.0. Example sentences and recordings are credited where they appear.