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CSE 1.3 Learn Liberty- Thinking at the Margin

by Joe Calhoun

Mario Villarreal-Diaz discusses how individuals make decisions at the margin. He begins by discussing combo meals at a fast food restaurant. He explains thinking on the margin is really thinking about the next increment. His next illustration is the workplace. A business will only hire a new employee if it believes the additional value created by this employee will be greater than the cost of hiring the employee.

CSE 1.3 Learn Liberty- Thinking at the Margin

Mario Villarreal-Diaz explains how individuals think at the margin, by making choices and tradeoffs in everyday life.

from Thinking at the margin (2011)
Posted by Joe Calhoun