The term 'marginal' in economics means
A). Unimportant
B). Additional
C). The minimum unit
D). Just barely passing
Additional
The term 'marginal' in economics means Additional. In economics, the term marginal is used to indicate the change in some benefit or cost. when an additional unit is produced. For instance, the marginal revenue is the change in. total revenue when an additional unit is produced.
1. Standard of living of a country can be raised if it increases
2. Point where market demands will be same to market supply
4. When marginal is negative, it must be true that
5. Project 'Sankalp' started for the purpose____________
8. In a typical demand schedule, quantity demanded