MARGINAL BENEFIT/COST


Meaning of MARGINAL BENEFIT/COST in English

additional benefit/cost

eg: Sean wants to know whether he should spend an extra year in school. If he stays for another year in school, he would get higher wages throughout his life, so called marginal benefit ; he would also need to pay additional tuition and time, so called marginal cost . He should evaluate all the benefits and costs then to decide if the extra year is worthwhile.

Sean Woo's Finance, GIS and real estate English glossary.      Английский глоссарий по ГИС(Географическая информационная система) и недвижимости Sean Woo's Finance.