What is Marginal utility?
[[File:UtilityQuantified.svg|thumb|The marginal utility decreases, with every unit consumed]] '''Marginal utility''' is a concept from [[economics]] that describes the change in [[utility]] from consuming more or less of a [[good (economics)|good]] or [[service]]. Economists sometimes speak of a '''law of diminishing marginal utility''', meaning that consuming the first unit usually has a higher utility than every other unit. When the number of units that are consumed increases, their marginal utility decreases. The more we have a commodity or a service, the less we want to have more of it. {{stub}} [[Category:Economics]]