marginal benefit
Added value gained
Marginal benefit is the additional gain from one more unit of something—one more hour of study, one more employee hired, one more slice of pizza.
The concept is central to economic decision-making: rational choices involve comparing marginal benefit to marginal cost.
The marginal benefit of a fourth cup of coffee is lower than the first.
Achieving greatest possible amount
- allocationDistribution of shares
- efficiencyProductive without waste
- productivityOutput relative to input
- enhancementIncrease in quality
improvement · optimal · performance · output · capacity · resource allocation · leverage · streamlining
Proceeding by small additions
- utilityFunctional worth or purpose
- gainPositive return received
- valueImportance or price
- advantageFavorable position or circumstance
return · yield · surplus · diminishing returns · trade-off · opportunity cost · monetary · profitability
maximization
Achieving greatest possible amount
- allocationDistribution of shares
- efficiencyProductive without waste
- productivityOutput relative to input
enhancement · improvement · optimal · performance · output · capacity · resource allocation · leverage · streamlining · effectiveness
incremental
Proceeding by small additions
advantage · return · yield · surplus · diminishing returns · trade-off · opportunity cost · monetary · profitability · revenue
- economicssupply and demand, inflation, GDP, GNP, gross domestic product
- production economicsinputs, outputs, output, labor, fixed costs
marginal, benefit, margin, margins, marginally, marginality, marginalize, marginalized, marginalizing