The increment of the commodity which he is only just induced to acquire (whether by... direct labor or by purchase) may be called its Marginal Increment; because he is on the margin of doubt whether it is worth his while to incur the outlay required to obtain it. And the benefit-giving power, or Utility, of that increment to him may be called the Marginal Utility of the commodity to him.

Another quote →

More quotes by Alfred Marshall

All Alfred Marshall quotes →

Attribution

Quote text and notes from Wikiquote: Alfred Marshall (page history), available under CC BY-SA 4.0. Source quality and labels are our own summary of what Wikiquote records.