120 Video: What is Marginal Utility?

This tutorial on marginal utility will walk you through the thought process of purchasing a burger at a store. The benefit you get from the burger is considered your marginal utility. You like it so much, you buy a second burger and enjoy it once more. The extra satisfaction you acquired only from the second burger is known as the marginal utility, whereas the total enjoyment from both burgers is considered the total utility.


Icon for the Creative Commons Attribution 4.0 International License

Microeconomics Copyright © by Lumen Learning is licensed under a Creative Commons Attribution 4.0 International License, except where otherwise noted.

Share This Book