"marginal" literally corresponds to the value of the derivative, so precise understanding involves calculus.
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Replying to @St_Rev @gabrielduquette
More loosely it's "the effect of adding or subtracting one more to the independent variable"
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Replying to @St_Rev @gabrielduquette
So the marginal value of Federal Snozzberry subsidies is the economic impact of spending $1 extra on the program.
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Replying to @St_Rev @gabrielduquette
In casual use "marginal" means "the impact of changing the status quo by some small amount, all other things being equal"
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Replying to @St_Rev @gabrielduquette
One thing the calculus makes clear is it's always a ratio: the impact of Snozzberry subsidies *per extra dollar spent*.
8:14 AM - 23 Aug 2016
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. Banned in Sweden. SubGenius, Zhuangist, white-hat troll. Defrocked mathematician. Brain problems.