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.
Browse by Subjects
market linked certificate of deposit
certificate of quality
American Psychological Association (APA):
Chicago Manual of Style (CMS):
Modern Language Association (MLA):