Examlex
Social class does not merely affect the here and now, bringing with it more or less comfortable lifestyles; it also reaches into individuals' futures, broadly affecting life chances.
Marginal Costs
The cost of producing one additional unit of a good or service, reflecting the change in total cost that comes from a one unit increase in output.
Marginal Benefits
The additional benefit received from consuming or producing one more unit of a good or service.
Production
The process of combining various material inputs and immaterial inputs (plans, knowledge) to make something for consumption (the output).
Marginal Cost
The production cost for one more unit of a product.
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