marginal benefit
noun1
The 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.
- Synonyms
- marginal utility
noun
The 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.
Entry derived from the Wiktionary, under licence CC BY-SA 4.0 — list of authors.