Those working in bars earned slightly more, with an average hourly wage of $9.84. Hosts and hostesses employed by hotel restaurants earned a significantly higher wage, averaging $10.95 per hour. The few hosts and hostesses employed by colleges and universities earned the highest wage, $12.85 per hour.
Definition of marginal value: The incremental value that is achieved through additional output. Marginal value exists through a product modification that results in an increase in price or an increase in unit production. The value ...
Keynesian multiplier. It's the marginal propensity to consume or invest. MPC/MPI. It's the change in spending in either a consumer or investment firm purchase due to income changes. I beleave that the most important round of spending is the first.