The term 'marginal value' in foraging refers to:
The marginal value theorem evaluates the rate at which a forager gains energy while exploiting a depleting patch. Early in a visit, abundant accessible resources produce rapid gains; as the patch is depleted, the instantaneous gain rate falls. Departure is favored when that marginal rate declines to the average rate obtainable across the environment after accounting for travel time between patches. Thus the relevant quantity is energy gained per unit time, not energy per bite or the identity of a least-preferred prey. The theory predicts longer residence in richer patches and when travel is costly, linking diminishing returns within patches to landscape-level foraging efficiency. Mechanistic reasoning is essential here: classifications should follow measurable consequences for survival, reproduction, resource acquisition, or detection. Context can modify interaction strength, but it does not erase the defining contrast among the alternatives presented. At population level, this mechanism can influence abundance, coexistence, and evolutionary selection. Separating immediate individual effects from longer-term community outcomes gives the selected concept a clearer ecological meaning and avoids relying only on memorized terminology.
Ref: Ecology: From Individuals to Ecosystems, Begon et al., 5th Ed., Ch. 10