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Eccon 2200
What are Marginal Costs/Marginality?
“Marginality” is a concept that describes one thing being affected when another thing
changes slightly. The adjective “marginal” is typically added to an economic term to
describe what happens when there’s a slight change in another factor. In simple form
Marginal means one more
i
.
Here is an example, let’s say on the hottest day of summer I go to Ben and Jerry’s Ice
cream shop and order a large sundae. When I take the first spoonful of my sundae it would
give me lots of satisfaction, and the spoonful’s that follow would too. However, as a come to
the twenty spoonful’s I might begin to feel sick and if I keep going I am going to feel sicker
