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Economics
Marginal Utility
The extra satisfaction or benefit you get from consuming one more unit of a good or service.
The law of diminishing marginal utility is one of the most important ideas in economics. It explains why demand curves slope downward and why we diversify what we consume.
It's the joy from eating the second slice of pizza compared to the first — and why the tenth slice isn't as exciting.
Real world: The first ice cream on a hot day gives huge marginal utility. The fifth one gives much less. This is why people are willing to pay more for the first unit than later ones.
💡 Marginal utility explains why more of something is not always better.