Traditional Culture Encyclopedia - Traditional virtues - What is the marginal benefit method?
What is the marginal benefit method?
Marginal effect, also known as marginal benefit, is sometimes called marginal contribution. Marginal effect in economics refers to economic profit. Pareto optimality of economic profit refers to the utility of the last unit's goods or services relative to the previous unit. If the utility of the latter unit is greater than that of the previous unit, the marginal utility increases, and vice versa.
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