What is a synonym for marginal?
slight, small, tiny, minute, low, minor, insignificant, minimal, negligible. vast, gross. 2’a very marginal case’ borderline, disputable, questionable, doubtful.
What’s the best synonym for marginal?
marginal
- insignificant.
- minimal.
- minor.
- negligible.
- bordering.
- low.
- on the edge.
- peripheral.
What is a synonym for marginal in economics?
The best synonym for marginal in economics would be additional.
What is another name for marginal cost?
incremental cost
Marginal cost refers to the increase or decrease in the cost of producing one more unit or serving one more customer. It is also known as incremental cost.
What is marginal in economics?
Marginal refers to the focus on the cost or benefit of the next unit or individual, for example, the cost to produce one more widget or the profit earned by adding one more worker. Companies use marginal analysis as a decision-making tool to help them maximize their potential profits.
What is the synonym of industrial?
In this page you can discover 51 synonyms, antonyms, idiomatic expressions, and related words for industrial, like: factory-made, industry, domestic, manufactured, metropolitan, attentive, streamlined, machine made, manufacturing, mechanized and industrialized.
How do you use the word marginal?
Marginal in a Sentence 🔉
- I was not upset by the marginal price increase.
- Because the difference in the paint colors is marginal, no one can tell Ann painted her kitchen using two dissimilar hues.
- The ship sank because the crew knew only marginal safety measures.
What is the meaning of marginal in economics?
Marginal in economics means having a little more or a little less of something. It refers to the effects of consuming and/or producing one extra unit of a good or service.
What is the meaning of marginal revenue?
Marginal revenue refers to the incremental change in earnings resulting from the sale of one additional unit. Analyzing marginal revenue helps a company identify the revenue generated from one additional unit of production.
What is the best definition of marginal revenue?
Marginal revenue is the additional income generated from the sale of one more unit of a good or service. It can be calculated by comparing the total revenue generated from a given number of sales (e.g. 11 units), and the total revenue generated from selling one extra unit (i.e. 12 units).
What is marginal business?
A marginal business is an enterprise that does not have a present or future capacity to generate more than enough income to provide a minimal living for the treaty investor and his or her family.
What are marginal means?
A marginal mean is (as the name suggests) a mean found in the margins (i.e. the edges) of a contingency table. In other words, it’s the average scores from a group or subgroup in an experiment.
Which is the best definition of marginal revenue?
Marginal Revenue is the revenue that is gained from the sale of an additional unit. It is the revenue that a company can generate for each additional unit sold; there is a marginal cost attached to it, which must be accounted for.
How to calculate marginal revenue per unit sold?
Earlier, his total revenue was $20. It is now $28. Putting the values into the formula, change in revenue = $8 and change in quantity = 5 pieces, so, $8/5 = $1.60, which is his marginal revenue per additional unit sold. Markup pricing is the change between a product’s price and its marginal cost.
How does marginal cost and diminishing marginal return work?
This is how marginal cost and diminishing marginal returns work with the marginal cost taken into account. In a competitive market, the Marginal Cost will determine the Marginal Revenue. In a monopoly market, the demand and supply determine the Marginal Revenue.
Why is the marginal revenue curve sloping downwards?
The Marginal Revenue curve is sloping downwards because, with one additional unit sold, we would generate revenue close to our normal revenue but as we start selling more and more, we would be required to reduce the price of the item we are selling.