- marginal benefit
-
The extra benefit received from a small increase in the consumption of a good or service. It is calculated as the increase in total benefit divided by the increase in consumption.
Wikipedia foundation.
marginal benefit
Look at other dictionaries:
Marginal Benefit — The additional satisfaction or utility that a person receives from consuming an additional unit of a good or service. A person’s marginal benefit is the maximum amount they are willing to pay to consume that additional unit of a good or… … Investment dictionary
Marginal concepts — In economics, marginal concepts are associated with a specific change in the quantity used of a good or service, as opposed to some notion of the over all significance of that class of good or service, or of some total quantity thereof.… … Wikipedia
Marginal cost of capital schedule — Marginal Cost of Capital (MCC) Schedule is a graph that relates the firm’s weighted average cost of each dollar of capital to the total amount of new capital raised. The WACC is the minimum rate of return allowable, and still meeting financial… … Wikipedia
marginal utility — Econ. the extra utility or satisfaction derived by a consumer from the consumption of the last unit of a commodity. [1920 25] * * * In economics, the additional satisfaction or benefit (utility) that a consumer derives from buying an additional… … Universalium
Marginal cost — A typical marginal cost curve with marginal revenue overlaid In economics and finance, marginal cost is the change in total cost that arises when the quantity produced changes by one unit. That is, it is the cost of producing one more unit of a… … Wikipedia
Marginal value theorem — The optimal time spent in a patch is given by the tangent to the resource intake curve that departs from the expected transit time value. Any other line crossing the resource intake curve has a shallower slope and thus a sub optimal resource… … Wikipedia
Marginal seat — Swing seat redirects here. For the piece of playground furniture, see swing (seat). A marginal seat, or swing seat, is a constituency held with a particularly small majority in a legislative election, generally conducted under a single winner… … Wikipedia
Marginal Cost Of Production — The change in total cost that comes from making or producing one additional item. The purpose of analyzing marginal cost is to determine at what point an organization can achieve economies of scale. The calculation is most often used among… … Investment dictionary
Health economics — For the journal, see Health Economics. Economics … Wikipedia
Deadweight loss — created by a binding price ceiling. Producer surplus is necessarily decreased, while consumer surplus may or may not increase; however the decrease in producer surplus must be greater than the increase (if any) in consumer surplus. In economics,… … Wikipedia
