Unlock Your Potential: The Secret to Making Smart Decisions


Unlock Your Potential: The Secret to Making Smart Decisions

In economics, making rational decisions “at the margin” refers to individuals optimizing their choices by considering the incremental costs and benefits of each additional unit of a good or service they consume or produce.

For instance, a consumer may decide to purchase one more unit of a product if the additional satisfaction (marginal utility) gained from consuming that extra unit outweighs the additional cost (marginal cost) of acquiring it.

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