Production run’s total cost increase or decrease for making one more item unit. Situational computation : When fixed costs have already been absorbed by the already produced items and only […]

Cost determination method for obtaining just one more dollar of capital. When considering how to raise additional funds, some methods are more costly than others.

Assuming that a bank’s cost of funds remains the same, this is the cost of funding one additional loan.

Production’s total costs change due to making or producing a single additional item. This cost helps to isolate an optimum production level and to determine the point a company achieves […]

The basis for choosing which product to make or which process to use in this decision-making method, using marginal cost . Also known as incremental costing.

The last additional capital unit’s annual percentage return. the investment becomes viable at this represented market interest rate . Also known as marginal productivity of capital.

Total benefit change of some households or businesses due to a unit change in other households’ or businesses’ consumption or output.

Total incurred cost change of some households or businesses due to a unit change in other households’ or businesses’ consumption or output.

In Scotch law.A note inserted on the margin of a deed, embodying either some clause which was omitted in transcribing or some change In the agreement of the parties. Bell. […]

Consumer’s outlay change divided by the corresponding total quantity purchased change.

A company having a relatively minor impact on its own field of operation due to dominating rival companies of greater size and influence. Marginal players are always susceptible to their […]

By actually consuming or producing a good, a household or business enjoys a marginal benefit .

By actually consuming or producing a good, a household or business incurs a marginal cost .

An single production company in an industry that is barely profitable at prevailing market prices on their product line(s). Such a company may be unable to take advantage of economies […]

With all other factors remaining constant, this is output taken by adding one more production factor unit, like a labor hour or a machine hour . Marginal product measures physical […]

With all other factors remaining constant, this is the resulting output from hiring one more worker. Output of a firm or economy as a measured physical increase.

With all other factors remaining constant, this is the resulting output change from altering, by one unit, the labor input.

Formulated 1890’s distribution theory. States that until its marginal product value, which is revenue or yield resulting from the input, equals the input’s cost, capital and/or labor input to production […]

Economic concept that marginal productivity determines labor demand and labor’s marginal product value determines the wage rates. Also known as marginal productivity theory of income distribution .

The result of marginal revenue minus marginal cost . Marginal profit equals zero In the best-case scenario.

A small, disposable income’s change proportion potentially spent on consumption instead of being saved. Divide the consumption change by the causal disposable income change.

A small, disposable income’s change proportion potentially saved instead of being spent on consumption . Divide the amount saved by the causal disposable income change.

Usable, yet barely profitable, parcel of land or some other concrete entity. When a property fails to return a tangible profit, yet is efficiently used and is a key production […]

A taxpayer’s taxation rate on the last income dollar. Earlier income tax rates are lower, and the rates increase at specific income increments as income increases.

Quantification ; Measurement: while maintaining the same satisfaction level, how much of one commodity will a consumer give up to get one or more units of another commodity.