Marginal Thinking

Will this decision make me better or worse off?
Will this decision make me better or worse off?

In economics, marginal thinking requires decision-makers to evaluate whether the benefit of one more unit of something is greater than its cost. This can be quite challenging, but understanding how to analyze decisions at the margin is essential to becoming a good economist.

Real World Examples

Advice for Students
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How should I use marginal thinking in my summer law...

Dirk Deciphers: Suppose that you advertise that you will mow and trim ... more
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