The determination of optimal behavior by comparing benefits and costs at the margin, that is, benefits and costs that result from small (i.e., marginal) changes. Optimality requires that marginal benefit equal marginal cost, since otherwise a rise or fall could increase benefit more than cost.
Found on
http://www-personal.umich.edu/~alandear/glossary/m.html
A major theoretical building block of neoclassical
economics, marginal analysis suggests that economic decisions are made at...
Found on
http://www.encyclo.co.uk/local/20688
Technique of setting the advertising budget by assuming the point at which an additional dollar spent on advertising equals additional profit.
Found on
http://www.encyclo.co.uk/local/21023
Marginal analysis is a?cost-benefit study?of a business activity to see if the additional benefits gained by taking an action is worth the cost incurred to take the action. Management uses this to analyze the complexities of a system with respect to its variables and find a way to maximize profits.
Found on
https://www.myaccountingcourse.com/accounting-dictionary/accounting-diction
No exact match found.
