Marginalism - Hutchinson encyclopedia article about Marginalism Printer Friendly
Dictionary, Encyclopedia and Thesaurus - The Free Dictionary
3,581,215,206 visitors served.
forum Join the Word of the Day Mailing List For webmasters
?
Dictionary/
thesaurus
Medical
dictionary
Legal
dictionary
Financial
dictionary
Acronyms
 
Idioms
Encyclopedia
Wikipedia
encyclopedia
?

marginal analysis
(redirected from Marginalism)

   Also found in: Encyclopedia, Wikipedia 0.02 sec.

marginal analysis

A major theoretical building block of neoclassical economics, marginal analysis suggests that economic decisions are made at the margin: for example, a consumer might decide to buy one more apple if the price was reduced by 5p, or a business might decide to buy one more van if the cost was reduced by £1,000. The extra cost of an extra unit is known as the marginal cost. Marginal analysis suggests that firms will maximize profit if they produce where marginal cost is equal to marginal revenue, as on all previous units produced they are increasing profit.

Marginal analysis is one of the key features distinguishing the classical economics of Adam Smith and his contemporaries and the more mathematical approach of neoclassical economists, pioneered by Alfred Marshall and others in the late 19th century.



How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content.
?Page tools
Printer friendly
Cite / link
Feedback
?Sign in SSL protected
Email:
Password:
Register

Mentioned in?  References in periodicals archive?   Hutchinson browser?   Full browser?
 
Marginalism, alienation from mainstream work and even sexual harassment --all these were important gendered features of the development process--at a time when Goetz was working for the lead agency in charge of promoting the UN Decade for Women.
Here a kind of marginalism comes into play: Holmes was willing to tolerate small procedural imperfections in the case that would serve as the vehicle for deciding important legal questions, if getting the issue settled one way or another would itself produce larger gains to political and social actors beyond the Court's walls.
This double linguistic matrix seems to reflect how Naipaul perceives the written form, which he considers to be the only means for effective communication; the oral form is not sufficiently dignified and is therefore limited to expressing the thoughts of the characters who embody colonial marginalism.
 
 
 
Hutchinson Encyclopedia
?

Terms of Use | Privacy policy | Feedback | Copyright © 2012 Farlex, Inc.
Disclaimer
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.