Definitions for "marginal analysis"
A technique used in microeconomics by which very small changes in specific variables...
An analytical technique that examines the extra costs and outcomes caused by producing and providing one extra unit of a resource.
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.
involves considering the effects of small changes (additions or subtractions) to a current situation