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Meaning of marginal benefit

Source language: EnglishDictionary language: English

marginal benefit

noun

Definitions

  1. 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.

Sources:https://en.wiktionary.org/wiki/marginal%20benefit

Related words

marginal utilitymarginal costmarginal analysismarginal cost of capitalprivate benefitscobenefitmarket powerdemerit good