To think at the margin is to assess the impact of a decision by considering the effects of spending an additional, or marginal, unit of resources. Since resources typically have diminishing marginal impact—each additional unit is less impactful than the previous unit—, thinking at the margin is critical for properly assessing the impact of a decision or the value of a problem.decision.
To think at the margin is to assess the impact of a decision by considering the effects of spending an additional, or marginal, unit of resources. Since resources typically have diminishing marginal impact—each additional unit is less impactful than the previous unit—, thinking at the margin is critical for properly assessing the impact of a decision or the value of a problem.
To think at the margin is to assess the impact of a decision by considering the effects of spending an additional, or marginal, unit of resources. Since resources typically have diminishing marginal
impact—impact (i.e., each additional unit is less impactful than the previousunit—unit), thinking at the margin is critical for properly assessing the impact of a decision.Related entries
diminishing returns | impact assessment | room for more funding