Economics B A-Level
Margin
What Margin means in Economics B A-Level, as defined for Pearson Edexcel.
Definition of Margin
Check what you remember
Read the wording for your board, then hide it and explain Margin in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: Pearson Edexcel
The point at which individuals and firms evaluate the costs and benefits of producing or consuming one additional unit.
Topics that use Margin
- Productive and allocative efficiency (Pearson Edexcel A-Level)
Related terms
- Allocative efficiency
- Consumer preferences
- Labour productivity
- Market interrelationships
- Market orientation
- Opportunity cost
- Productive efficiency
- Trade-offs
Using Margin in the exam
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