marginal benefits background

marginal benefits

/ˌmɑːrdʒɪnəl ˈbɛnɪfɪts/

Illustration marginal benefits - Image 1

noun

Avantages marginaux

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.

Examples :

""Studying for one extra hour provided diminishing marginal benefits; the first hour greatly improved my test score, but the second hour barely helped at all." "

Étudier une heure de plus a procuré des avantages marginaux décroissants ; la première heure a considérablement amélioré ma note, mais la seconde n'a presque pas aidé.

economy business finance value utility