Examlex
When the government sets a price floor which is above the equilibrium price
Marginal Analysis
The comparison of marginal (“extra” or “additional”) benefits and marginal costs, usually for decision making.
Marginal Benefits
The uplift in utility or enjoyment gained through consuming or producing an added unit of a good or service.
Marginal Costs
The added cost incurred when one more unit of a good or service is produced.
Marginal Benefit
The additional pleasure or utility gained when one more unit of a good or service is consumed.
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