Examlex
Use the graphing method to solve the system.
Decisions at the Margin
Economical decision-making process involving small changes to existing conditions, analyzing the cost and benefit of incremental adjustments.
Additional Costs
Expenses that are not initially accounted for in the budget or pricing but arise during the execution of a project or the production of goods.
Marginal Analysis
Marginal analysis refers to the examination of the benefits and costs of a small (marginal) change in the production, consumption, or allocation of resources.
Ceteris Paribus
A principle in economics that states other conditions remain constant while one variable changes.
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