|
Marginal
Marginal may refer to: * ''Marginal'' (album), the third album of the Belgian rock band Dead Man Ray, released in 2001 * ''Marginal'' (manga) * '' El Marginal'', Argentine TV series * Marginal seat or marginal constituency or marginal, in politics See also Economics * Marginalism * Marginal analysis *Marginal concepts *Marginal cost * Marginal demand *Marginal product *Marginal product of labor *Marginal propensity to consume *Marginal rate of substitution * Marginal use *Marginal utility *Marginal rate Other * Margin (other) * Marginalization * Marginal intra-industry trade, where the change in a country's exports are essentially of the same products as its change in imports * Marginal land, land that is of little value because of its unsuitability for growing crops and other uses * Marginal model, in hierarchical linear modeling * Marginal observables, in physics; see Renormalization group * Marginal person, in sociology; see Marginalization * Marginal plant, see ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Marginalism
Marginalism is a theory of economics that attempts to explain the discrepancy in the value of goods and services by reference to their secondary, or marginal, utility. It states that the reason why the price of diamonds is higher than that of water, for example, owes to the greater additional satisfaction of the diamonds over the water. Thus, while the water has greater total utility, the diamond has greater marginal utility. Although the central concept of marginalism is that of marginal utility, marginalists, following the lead of Alfred Marshall, drew upon the idea of marginal physical productivity in explanation of cost. The neoclassical tradition that emerged from British marginalism abandoned the concept of utility and gave marginal rates of substitution a more fundamental role in analysis. Marginalism is an integral part of mainstream economic theory. Important marginal concepts Marginality For issues of marginality, constraints are conceptualized as a ''border'' ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Marginal Analysis
Marginalism is a theory of economics that attempts to explain the discrepancy in the value of goods and services by reference to their secondary, or marginal, utility. It states that the reason why the price of diamonds is higher than that of water, for example, owes to the greater additional satisfaction of the diamonds over the water. Thus, while the water has greater total utility, the diamond has greater marginal utility. Although the central concept of marginalism is that of marginal utility, marginalists, following the lead of Alfred Marshall, drew upon the idea of marginal physical productivity in explanation of cost. The neoclassical tradition that emerged from British marginalism abandoned the concept of utility and gave marginal rates of substitution a more fundamental role in analysis. Marginalism is an integral part of mainstream economic theory. Important marginal concepts Marginality For issues of marginality, constraints are conceptualized as a ''border'' ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Marginal Utility
In economics, utility is the satisfaction or benefit derived by consuming a product. The marginal utility of a Goods (economics), good or Service (economics), service describes how much pleasure or satisfaction is gained by consumers as a result of the increase or decrease in Consumption (economics), consumption by one unit. There are three types of marginal utility. They are positive, negative, or zero marginal utility. For instance, you like eating pizza, the second piece of pizza brings you more satisfaction than only eating one piece of pizza. It means your marginal utility from purchasing pizza is positive. However, after eating the second piece you feel full, and you would not feel any better from eating the third piece. This means your marginal utility from eating pizza is zero. Moreover, you might feel sick if you eat more than three pieces of pizza. At this time, your marginal utility is negative. In other words, a negative marginal utility indicates that every unit of good ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Marginal Cost
In economics, the marginal cost is the change in the total cost that arises when the quantity produced is incremented, the cost of producing additional quantity. In some contexts, it refers to an increment of one unit of output, and in others it refers to the rate of change of total cost as output is increased by an infinitesimal amount. As Figure 1 shows, the marginal cost is measured in dollars per unit, whereas total cost is in dollars, and the marginal cost is the slope of the total cost, the rate at which it increases with output. Marginal cost is different from average cost, which is the total cost divided by the number of units produced. At each level of production and time period being considered, marginal cost includes all costs that vary with the level of production, whereas costs that do not vary with production are fixed. For example, the marginal cost of producing an automobile will include the costs of labor and parts needed for the additional automobile but not the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Marginal Product Of Labor
In economics, the marginal product of labor (MPL) is the change in output that results from employing an added unit of labor. It is a feature of the production function, and depends on the amounts of physical capital and labor already in use. Definition The marginal product of a factor of production is generally defined as the change in output resulting from a unit or infinitesimal change in the quantity of that factor used, holding all other input usages in the production process constant. The marginal product of labor is then the change in output (''Y'') per unit change in labor (''L''). In discrete terms the marginal product of labor is: : \frac . In continuous terms, the ''MPL'' is the first derivative of the production function: : \frac .Perloff, J., ''Microeconomics Theory and Applications with Calculus'', Pearson 2008. p. 173. Graphically, the ''MPL'' is the slope of the production function. Examples There is a factory which produces toys. When there are no workers ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Marginal (manga)
is a Japanese science fiction manga written and illustrated by Moto Hagio, and serialised in ''Petit Flower'' between 1985 and 1987. It is a gender-reversed take on science fiction stories that Hagio had read where women disappeared, leaving an all-male world. Plot The Earth has suffered a biological disaster, and by the year 2999, the Earth has become a wasteland. There is only one woman on the planet, revered as "Mother", who gives birth to all the boys of Earth, and is herself reborn like a phoenix. Prior to the beginning of the story, the number of children from Mother has been decreasing, leading to anxiety among the men. At the beginning of the story, Mother is assassinated by a cult. The setting of the world has been described as "strongly reminiscent of Arab culture", "with horses and camels, swords and arrows, the world feels more medieval than futuristic." The men of Earth only live to about 30 years old due to "defective genetic traits" It is later discovered ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Marginal Distribution
In probability theory and statistics, the marginal distribution of a subset of a collection of random variables is the probability distribution of the variables contained in the subset. It gives the probabilities of various values of the variables in the subset without reference to the values of the other variables. This contrasts with a conditional distribution, which gives the probabilities contingent upon the values of the other variables. Marginal variables are those variables in the subset of variables being retained. These concepts are "marginal" because they can be found by summing values in a table along rows or columns, and writing the sum in the margins of the table. The distribution of the marginal variables (the marginal distribution) is obtained by marginalizing (that is, focusing on the sums in the margin) over the distribution of the variables being discarded, and the discarded variables are said to have been marginalized out. The context here is that the theoretical ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Marginalization
Social exclusion or social marginalisation is the social disadvantage and relegation to the fringe of society. It is a term that has been used widely in Europe and was first used in France in the late 20th century. It is used across disciplines including education, sociology, psychology, politics and economics. Social exclusion is the process in which individuals are blocked from (or denied full access to) various rights, opportunities and resources that are normally available to members of a different group, and which are fundamental to social integration and observance of human rights within that particular group (e.g., housing, employment, healthcare, civic engagement, democratic participation, and due process). Alienation or disenfranchisement resulting from social exclusion can be connected to a person's social class, race, skin color, religious affiliation, ethnic origin, educational status, childhood relationships, living standards, and or political opinions, and app ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Marginal Rate Of Substitution
In economics, the marginal rate of substitution (MRS) is the rate at which a consumer can give up some amount of one good in exchange for another good while maintaining the same level of utility. At equilibrium consumption levels (assuming no externalities), marginal rates of substitution are identical. The marginal rate of substitution is one of the three factors from marginal productivity, the others being marginal rates of transformation and marginal productivity of a factor. As the slope of indifference curve Under the standard assumption of neoclassical economics that goods and services are continuously divisible, the marginal rates of substitution will be the same regardless of the direction of exchange, and will correspond to the slope of an indifference curve (more precisely, to the slope multiplied by −1) passing through the consumption bundle in question, at that point: mathematically, it is the implicit derivative. MRS of X for Y is the amount of Y which a consumer ca ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Marginal Product
In economics and in particular neoclassical economics, the marginal product or marginal physical productivity of an input (factor of production) is the change in output resulting from employing one more unit of a particular input (for instance, the change in output when a firm's labor is increased from five to six units), assuming that the quantities of other inputs are kept constant. The marginal product of a given input can be expressed as: :MP = \frac where \Delta X is the change in the firm's use of the input (conventionally a one-unit change) and \Delta Y is the change in quantity of output produced (resulting from the change in the input). Note that the quantity Y of the "product" is typically defined ignoring external costs and benefits. If the output and the input are infinitely divisible, so the marginal "units" are infinitesimal, the marginal product is the mathematical derivative of the production function with respect to that input. Suppose a firm's output ''Y'' is ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Marginal Land
Marginal land is land that is of little agricultural or developmental value because crops produced from the area would be worth less than any rent paid for access to the area. Although the term ''marginal'' is often used in a subjective sense for less-than-ideal lands, it is fundamentally an economic term that is defined by the local economic context. Thus what constitutes marginal land varies both with location and over time: for example, "a soil profile with a set of specific biophysical characteristics reported as “marginal” in the US corn belt may be one of the better soils available in another context". Changes in product values – such as the ethanol-demand induced spike in corn prices – can result in formerly marginal lands becoming profitable. Marginal lands can therefore be more difficult to delineate as compared to "abandoned crop lands" which reflect more clearly definable landowner-initiated land use changes. Land may be marginal for a number of reasons, includin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Marginal (album)
''Marginal EP'' is the third album of the Belgian rock band Dead Man Ray Dead Man Ray is a Belgian alternative rock band formed in 1996, originating from Berchem near Antwerp. Among its members are Daan Stuyven, Rudy Trouvé ( dEUS and others), Elko Blijweert, Wouter Van Belle, and Herman Houbrechts, who was later .... It was released in 2001. It is a compilation of random outtakes, bizarre cutups and b-sides of previous recording sessions. Titles #Smallband #Ersatz #Emotional tourism #Skuf #Cerchy #Kruger #Killywatch #Finar #Blind surfer #Sofa #Munchen #Pertube #Stab #Cyprus #Theque K7 #Kind + Gezin #Arab #Beer #Switch 99 #Sundrama #Noisette #Modril #End Dead Man Ray albums 2001 albums {{Belgium-album-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
