About

Uses an example of marginal thought; pricing strategies (marginal revenue) and marginal utility vs. marginal cost for the college student's budget decisions. This example will be familiar to students who may be faced with the decision of how to spend the remaining dollars of their monthly or weekly budgets. The concept of how best to spend that last dollar and how much incremental pleasure is received from the alternatives, will make the concept of marginal thinking come to life.
Categories
College Preparation
Economics
Release Date
Jan 1, 1998
Producer
MacLean Business Videos
Course ID
MCL-785