Marginal Benefit and Cost ‹ Gospelnomics

Marginal Benefit and Cost ‹ Gospelnomics

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日期:2025-06-09
In economics, one of the primary measuring sticks for making decisions is weighing marginal benefits and marginal costs. What do we mean by the word marginal? In simplest terms, the word marginal means ‘one more.’ For example if I consider eating one more...看更多