Definition of Marginal value:
The value gained from either consuming or producing one additional unit of a good or service.
The incremental value that is achieved through additional output. Marginal value exists through a product modification that results in an increase in price or an increase in unit production. The value is calculated by subtracting additional input costs from the unit price of the additional output.
How to use Marginal value in a sentence?
- Our marginal value was good and I told my son all about it so he would understand it in the future.
- The company managed to increase their marginal value by boosting workers productivity; in this way, they were able to generate additional units of product while minimizing their additional labor costs.
- The marginal value to him of an extra acre would be less than its price.
- The marginal value was increasing steadily as the economy of scale was being realized for our new project that uses our new equipment.
Meaning of Marginal value & Marginal value Definition