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The phrase "marginal utility" is correct and can be used in written English.
You can use it to refer to the additional satisfaction an individual gets from consuming an additional unit of a good or service. For example, "As the demand for new iPhones grows, so does the marginal utility of each additional iPhone purchased."
Dictionary
marginal utility
noun
The additional utility to a consumer from an additional unit of an economic good.
Exact(60)
Marginal utility but really nice.
That's diminishing marginal utility.
So it's diminishing marginal utility.
It has an explanation: diminishing marginal utility.
Technically, this feature does have marginal utility.
The marginal utility is then zero.
Well, the key is diminishing marginal utility.
Student: Because of diminishing marginal utility.
The important number is the marginal utility.
Just that they have diminishing marginal utility.
Per-page marginal utility, it's true, is unusually high.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com