Written by the Fiveable Content Team • Last updated August 2025
Verified for the 2027 exam
Verified for the 2027 exam•Written by the Fiveable Content Team • Last updated August 2025
Definition
The additional satisfaction gained from consuming one more unit of a good divided by its price; used to compare utility across different goods when making optimal consumption decisions.
AP course connection
Topic 1.6: 1.6 Marginal Analysis and Consumer Choice