Marginal product of labor

The increased output produced when one aditional person is hired. Note that this can be negative.

Marginal revenue

The change in revenue obtained by increasing the quantity from Q to Q + 1.

Marginal social benefit (msb)

The benefit (in terms of utility) of producing or consuming an additional unit of a good, taking into account both […]

Marginal social cost (msc)

The cost of producing an additional unit of a good, taking into account both the cost for the producer and […]

Marginal utility

The additional utility resulting from a one-unit increase of a given variable.