Share This Article:

Economic Definition of MU. Defined.

Offline Version: PDF

Term MU Definition: The abbreviation for marginal utility, which is the additional utility, or satisfaction of wants and needs, obtained from the consumption or use of an additional unit of a good. It is specified as the change in total utility divided by the change in quantity. Marginal utility indicates what each additional unit of a good is worth to a consumer.

 

« MRP | multilateral »

Permalink: http://glossary.econguru.com/economic-term/MU

Alphabetical Reference to Over 2,000 Economic Terms