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Based in Atlanta, Georgia, William Adkins has been writing professionally since He writes about small business, finance and economics issues for publishers like Chron Small Business and Bizfluent. Adkins holds master's degrees in history of business and labor and in sociology from Georgia State University. He became a member of the Society of Professional Journalists in Share It. References Investopedia: Profit Margin vs. Markup: What's the Difference? Microsoft Word offers several page margin options.
You can use the default page margins or specify your own. Add margins for binding A gutter margin adds extra space to the side margin, top margin, or inside margins of a document that you plan to bind to help ensure that text isn't obscured by binding.
Set margins for facing pages Use mirror margins to set up facing pages for double-sided documents, such as books or magazines. In this case, the margins of the left page are a mirror image of those of the right page. Note: You can set gutter margins for a document that has mirror margins if the document needs extra space for binding.
Add a book fold Using the Book fold option in the Page Setup dialog box, you can create a booklet. Use the same option to create a menu, invitation, event program, or any other type of document with a single center fold. After you set up a document as a booklet, work with it just as you would any document to insert text, graphics, and other visual elements. If you try to set margins that are too narrow, Microsoft Word displays the message One or more margins are set outside the printable area of the page.
Minimum margin settings depend on your printer, printer driver, and paper size. To learn about your minimum margin settings, check the printer manual. Click the margin type that you want. For the most common margin width, click Normal. Note: When you click the margin type that you want, your entire document automatically changes to the margin type that you have selected. You can specify your own custom margin settings. To change the default margins, click Margins after you select a new margin, and then click Custom Margins.
In the Page Setup dialog box, click the Default button, and then click Yes. The new default settings are saved in the template on which the document is based. Each new document based on that template automatically uses the new margin settings. To restore the original margin settings, click Margins and then click Custom Margins. Change the margins for Top , Bottom , Left , and Right to 1".
Then click the Default button and click Yes. To change the margins for part of a document, select the text, and then set the margins that you want by entering the new margins in the Page Setup dialog box. Microsoft Word automatically inserts section breaks before and after the text that has the new margin settings. If your document is already divided into sections, you can click in a section or select multiple sections and then change the margins.
Economists sometimes summarize that by saying your marginal product of labor is That just means you can get 12 more tomatoes for one additional hour of work. Every new tomato costs you another five minutes of weeding.
As another example, if one additional Facebook friend costs you an additional 10 minutes of attention, then the marginal cost is 10 minutes of your time per new Facebook friend. A bus that is half-empty can take on more riders with zero or very little extra cost—perhaps just a few cents more for wear and tear and the cost of gas to haul an extra pounds.
Economists would say the marginal cost of an additional rider is nearly zero. But, if buses are always running packed with lines left standing, then the marginal cost of additional riders would be the entire cost of adding another bus.
It is very common to have to compare different marginal costs for different scenarios in order to decide which alternative to pursue. When you drive around the block to park your car for a concert or event, you can keep driving around the block waiting for that perfect, free, on-street parking spot to come available. What matters is what you do in the next minute, ten minutes, hour, or day. If you already spent an hour searching for a great parking spot, you may well do better to let that memory go.
Thinking at the margin means to let the past go and to think forward to the next hour, day, year, or dollar that you expend in time or money. If you think at the margin, you are thinking ahead.
At some point, if you continue to drive around the block again and again with no results, an economist would encourage you to think about the future instead of bulleting on the past.
Thinking at the margin means weighing those future options, and not focusing on what you did in the previous hour of frustrating circling around. The marginal cost of producing computer chips is the entire cost of producing one more computer chip.
Producing only one more from your existing equipment and workers may entail only a small cost that is only an additional few pennies per chip. But if you are already maxing out your production, producing even one more may entail producing a hundred thousand more. Which in turn may entail building a new factory and hiring all its workers, or even researching a whole new way to produce chips—perhaps an additional hundred thousand dollars, at an average cost of a dollar per additional chip or even an additional few million dollars.
You have to consider all the additional costs for each option before making a decision. Maybe to get just one more chip you still have to pay extra to hire an extra worker to work the night shift, plus hire someone to stand by to do a little more machine maintenance. The sum of all those additional costs—from wages to insurance to taxes to emotional burdens and effects on morale—to produce one more computer chip is what economists mean by the marginal cost of a computer chip.
Collateral The resources put up by the trader to enter a trade. Acquisition When the majority of shares changes hands in a company. This is typically when one company buys another. Commission A charge levied on a client to place trades in certain asset types. Start learning. Webinar registration Register Now. I am happy to receive more information from My Trading Skills.
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