Marginal Utility
“Utility” is a word for the amount of “value” that a person gets by having something. So, “marginal utility” is the amount of extra value that a person gets by having one more (or less) of those things.
“In economics, utility is the satisfaction or benefit derived by consuming a product; thus the marginal utility of a good or service is the change in the utility from an increase in the consumption of that good or service.” - https://en.wikipedia.org/wiki/Marginal_utility
Graph:
- 126.005.01 Utility - Marginal Utility to 126.005 Decision Making - Utility
- 126.005.01 Utility - Marginal Utility to 126.005.02 Marginal Utility - Decision making using Relative Marginal Utility
- 126.001 Decision Making - Expected Value to 126.005.01 Utility - Marginal Utility
- 126.005 Decision Making - Utility to 126.005.01 Utility - Marginal Utility
- 126.005.02 Marginal Utility - Decision making using Relative Marginal Utility to 126.005.01 Utility - Marginal Utility