This is analogous to the idea of diminishing marginal private utility of private consumption, and is relatively uncontroversial, although researchers disagree on its magnitude.

Some have collective shocks to the marginal utility of leisure.

In the context of explaining price, the marginal utility theory is not a normative theory of value.

Marginalism is a theory of economics that attempts to explain the discrepancy in the value of goods and services by reference to their secondary, or marginal, utility.

Utility

16 utility helicopters

16 Utility Helicopters

The free rider problem is when the private marginal cost of taking action to protect the environment is greater than the private marginal benefit, but the social marginal cost is less than the social marginal benefit.

Military Utility of Cluster Munitions

A diminishing role for nuclear weapons

The utility of the state is clear.

By 1914, their military utility was obvious.

The ideology is out there. It is not diminishing.

First, countries with a diminishing stake retain disproportionate power.

The moral superiority of high marginal income taxes suddenly waned.

Chukchi Sea () is a marginal sea of the Arctic Ocean.

And we are now well on the way to diminishing returns.

And wireless communications has become a utility like electricity and water.

Selects the BIND DNS server, and related documentation and utility packages.

For the US, however, the utility of multilateralism is purely situational.

It manufactured a range of light civil utility and agricultural aircraft.

Let s assume that costs to prevent additional accumulation of CO2 (and equivalents) come to 1 of GNP every year forever, and, in accordance with a fair amount of empirical evidence, that the component of the discount rate attributable to the declining marginal utility of consumption is equal to twice the rate of growth of consumption.

The East China Sea is a marginal sea east of China.

The Laptev Sea () is a marginal sea of the Arctic Ocean.

The Lazarev Sea is a marginal sea of the Southern Ocean.

Government spending is no less subject to diminishing returns than anything else.

And the number of people who can afford it is rapidly diminishing.

But this is closely linked to a diminishing sense of common identity.

As the war grinds on, prospects for a negotiated solution are diminishing.

Likewise, POC tests must account for different tests requirements for clinical utility.

Third, it allows a utility to better locate distribution losses (technical objective).

This approach does not require running a compression or encryption utility manually.

The Islamists are neither a marginal political group nor a terrorist force.

The market price of anything is always equal to the marginal cost.

So, as austerity undermines growth, debt reduction will be marginal at best.

A powerful argument for reserving capital punishment for murders is marginal deterrence.

The willingness of the dispossessed to endure the existing disparities was fast diminishing.

But even higher upfront costs are quickly paid for with cheaper utility bills.

However, there's a lot of non political stuff happening that gets marginal attention.

For Microsoft, the problem is that the marginal cost of software is zero.

Yet, the participation of many developing countries in global trade has been marginal.

Most importantly, it is the source of livelihood for many economically marginal communities.

The WTO will survive, but its centrality in the trade system is rapidly diminishing.

To put it in economics jargon, efficiency requires equating the marginal cost associated with allocation (both in acquiring information about the relative benefits of different projects and in monitoring investments) with the marginal benefits.

Economists conventional description depicts high finance as providing us with three types of utility.