Explain the Difference Between Marginal Cost and Marginal Benefit

question 244

Essay

Explain the difference between marginal cost and marginal benefit.

---

Definitions:

Glass-Ceiling Effect

a barrier to advancement that is not officially acknowledged, limiting the progression of minorities and women in professional environments.

Career Advancement

The progression through a career path, which might involve upward movement, increasing responsibility, and higher compensation.

Invisible Barrier

A term often used to describe unseen obstacles preventing certain groups from advancing within an organization or system, such as the "glass ceiling" for women and minorities.

Prejudice

Preconceived opinion not based on reason or actual experience, often leading to biased treatment of individuals or groups.