Marginal value, however, is a tricky concept to bring into environmental analysis.
Complications can arise from hospital stays, medications, procedures, and tests, and when these things are of marginal value the harm can be greater than the benefits.
Both sources are superior to corn ethanol (nearly everything is), but they are incurably intermittent, which makes them of marginal value in a world that demands always-available power.
The model can determine the marginal value of hiring ten new drivers who live in central Illinois, say, based on the number of times that freight departs from the Midwest.
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If the marginal value that a customer receives for increased reliability is less than the marginal cost required to increase reliability for that customer, then a systemwide relocation of lines would likely lead to wasted resources.
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That means they may show great insights into a new technology that has marginal business value, their passion may motivate team members more than customers, or they may allow themselves to be pulled over the ethical line in their success drive.
Given the large movements in the time allocated to these two categories, our results suggest that economists need to think hard about how individuals value the marginal time spent watching television or sleeping when computing the welfare costs of business cycles.
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That is, that the value of the marginal spending is greater than the costs of the marginal taxation.
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When we put the point in these terms we find ourselves coming right back to the usual old arguments about how large government should be: for it is about the value that we get from the marginal amount of government.
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The value of deductions and exclusions grows with marginal tax rates.
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PFI, while delivering genuine value for money for prisons and roads, has delivered only marginal gains for new hospitals and schools.
When the marginal price of electricity increases (driven by underlying gas prices), they derive more value from their existing nuclear assets (assuming they are unhedged).
Portugal has increased its value added tax by 1 percentage point across all categories, while increasing the top marginal tax rate by 1.5% on top earners and by 2.5% on corporations.
The value of the education, marketing, and training received through athletic scholarships exceeds the individual marginal revenue product for at least 90% of all student-athletes in Division I sports.
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