Marginal benefit is often expressed as the dollar amount the consumer is willing to pay for each purchase. The formula for marginal benefit is: Marginal Benefit = Change in Benefit ÷ Unit Change ...

Marginal cost is the cost incurred when producing one additional unit. Marginal cost is the extra money a business spends to make just one more product. It's a key concept that helps companies ...

Marginal relief is a benefit given to individuals earning just over Rs 12 lakh. It ensures that the extra tax payable is not more than the additional income earned beyond the rebate limit.