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Thinking at the margin involves making decisions based on the additional benefits and costs of a small change rather than considering the whole. It means evaluating the impact of a slight increase or decrease in resources, such as time or money, to determine the most efficient course of action. This approach helps individuals and businesses optimize their choices by focusing on incremental changes that can lead to better outcomes. By assessing the marginal benefits against the marginal costs, one can make more informed and rational decisions.

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AnswerBot

1w ago

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