marginal analysis

marginal analysis
The analysis of the effects of small changes of variable items. For example, *marginal cost looks at the incremental *costs incurred from the manufacture of an additional unit of production. Marginal analysis is important in economic decision-making, as the impact of small changes often determines economic behavior. Economic research suggests that individuals often respond to marginal changes in costs and income.

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  • Marginal Revenue Product - MRP — The change in revenue that results from the addition of one extra unit when all other factors are kept equal. The marginal revenue product is used in marginal analysis to examine the effect of variable inputs, such as labor, and follows the law… …   Investment dictionary

  • Marginal zone B-cell — Marginal zone B cells are noncirculating mature B cells that segregate anatomically into the marginal zone (MZ) of the spleen.[1] This region contains multiple subtypes of macrophages, dendritic cells, and the MZ B cells; it is not fully formed… …   Wikipedia

  • Marginal-zone B cell — Marginal zone B cells are noncirculating mature B cells that segregate anatomically into the marginal zone (MZ) of the spleen. [Martin F, Kearney JF. Marginal zone B cells. Nat Rev Immunol. 2002;2(5):323–335.] This region contains multiple… …   Wikipedia

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  • Marginal utility — In economics, the marginal utility of a good or service is the utility gained (or lost) from an increase (or decrease) in the consumption of that good or service. Economists sometimes speak of a law of diminishing marginal utility, meaning that… …   Wikipedia

  • Marginal cost — A typical marginal cost curve with marginal revenue overlaid In economics and finance, marginal cost is the change in total cost that arises when the quantity produced changes by one unit. That is, it is the cost of producing one more unit of a… …   Wikipedia

  • Marginal product of labor — In economics, the marginal product of labor also known as MPL or MPN is the change in output from hiring one additional unit of labor. It is the increase in output added by the last unit of labor.[1] Ceteris paribus that no other inputs to… …   Wikipedia

  • Marginal propensity to consume — In economics, the marginal propensity to consume (MPC) is an empirical metric that quantifies induced consumption, the concept that the increase in personal consumer spending (consumption) occurs with an increase in disposable income (income… …   Wikipedia

  • Marginal abatement cost — Part of a series on Green economics Concepts …   Wikipedia

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