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"Consumers are made at the margin" refers to the idea that consumer decisions are influenced by incremental changes rather than overall consumption levels. This means that individuals evaluate the additional benefit or utility they gain from consuming one more unit of a good or service, which helps them make informed choices about their spending. Essentially, consumers weigh the marginal costs against the marginal benefits to determine their purchasing behavior. This concept highlights the importance of marginal analysis in economic decision-making.

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2mo ago

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What does Decisons to consume are made at the margin mean?

"Decisions to consume are made at the margin" means that consumers evaluate the additional benefits of consuming one more unit of a good or service against its additional cost. Rather than considering the total consumption, individuals focus on the impact of the next unit they might purchase. This marginal analysis helps consumers make informed decisions about their spending, ensuring that the benefits of consumption outweigh the costs. Essentially, it's about optimizing choices to maximize satisfaction.


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We decide to buy one more of something, not all of a good or service.


What does buying on margin mean?

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What does normative gross margin mean?

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What does profit margin mean?

Profit margin means the amount of profit you make measured in a percentage. This can include:Gross Profit marginNet Profit marginMarkup Profit margin


What douse marge mean in french?

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What is a comment in a margin called?

A comment in a margin is typically referred to as a marginal comment or a margin note. It is a brief notation or remark made in the margin of a document or a book to provide additional information, clarification, or thoughts related to the content.


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