Psychology Dictionary of ArgumentsHome
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| Marginal Utility - Psychology Dictionary of Arguments | |||
| Marginal utility: Marginal utility measures the additional satisfaction or benefit gained from consuming one more unit of a product or service. As consumption increases, the marginal utility often decreases due to diminishing returns—each additional unit provides less additional satisfaction. This concept is fundamental in understanding consumer choices, preferences, and demand for goods or services. See also Utility, Benefit, Marginal return._____________Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments. | |||
| Author | Item | More concepts for author | |
|---|---|---|---|
| Austrian School | Marginal Utility | Austrian School | |
| Galbraith, John Kenneth | Marginal Utility | Galbraith, John Kenneth | |
| Jevons, William Stanley | Marginal Utility | Jevons, William Stanley | |
| Lloyd, William Forster | Marginal Utility | Lloyd, William Forster | |
| Mises, Ludwig von | Marginal Utility | Mises, Ludwig, von | |
| Neoclassical Economics | Marginal Utility | Neoclassical Economics | |
| Rothbard, Murray N. | Marginal Utility | Rothbard, Murray N. | |
| Sraffa, Piero | Marginal Utility | Sraffa, Piero | |
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Ed. Martin Schulz, access date 2025-04-21 | |||
