Search 75,745 tutors
Newest Most Active

The word "marginal" confuses some students in economics. Some teachers try to clarify it by saying "incremental". What marginal means is "the next one" If I say that 1 worker produces 5 widgets, and the next worker produces 4 widgets, then the "marginal" worker produces 4 widgets!!! Try it on a table in your economics book, and you will see what I mean!!!

RSS Joshua's Blog RSS feed