Increment

Definition and stakes

Portrait of Silvanus Phillips Thompson Silvanus Phillips Thompson,  Calculus Made Easy (1914)

“ Let us state this in scientific language. If we increase to , then will become ; that is, when receives a positive positive increment, the increment which results to is negative.
Yes, but how much? Suppose the ladder was so long that when the bottom end was inches from the wall the top end reached just feet from the ground. Now, if you were to pull the bottom end out inch more, how much would the top end come down? Put it all into inches: inches, inches. Now the increment of which we call , is inch: or inches.
How much will be diminished? The new height will be .
”
Source: Wikisource

Portrait of John Bates Clark John Bates Clark,  Essentials of Economic Theory

“ When we speak of final utility, we think of a series of "increments" supplied one after another, and in this case the successive increments become less and less important, since, after some have been supplied, the want of the kind of good that they represent is less keenly felt. The conception of the series of units is merely a means of isolating one unit from a total number and obtaining a mental measurement of its importance which corresponds with the effective importance of any unit in the entire quantity. ”
Source: Gutenberg

Get perspective with Kwize: daily news enlightened by great literature