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What does margin mean in economics? Economists say individuals make decisions at the margin, explain the meaning of this phase? 

 

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Vaishnavi Kanukurti
Vaishnavi KanukurtiLv10
3 Nov 2020

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Related questions

1). Is it reasonable to expect firms to take actions that are in the public interest but are detrimental to stockholders? Is regulation always necessary and appropriate to induce firms to act in the public interest?

2). Discuss the opportunity costs of attending college for four years. Is college more or less costly than you thought it was? Explain.

3). Economists say that individuals make decisions at the margin. What does this mean? Please answer all this questions this is the second time i am posting this questions.

 

1) In the wake of corporate scandals at Enron, Tyco, and WorldCom, some argue that managers of large, publicly-owned firms sometimes make decisions to maximize their own welfare as opposed to that of stockholders. Does such behavior create problems in using value maximization as a basis for examining managerial decision-making?

2) Is it reasonable to expect firms to take actions that are in the public interest but are detrimental to stockholders? Is regulation always necessary and appropriate to induce firms to act in the public interest?

3) Discuss the opportunity costs of attending college for four years. Is college more or less costly than you thought it was? Explain.

4) Economists say that individuals make decisions at the margin. What does this mean?

 

What does it mean to say that economics focuses on the margin? What is the difference between average and marginal analysis?

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