A company's marginal product of labor is the number of additional products it can produce by hiring one additional worker. A company's marginal revenue product of labor is the amount of additional ...

Marginal pricing is when a business sells a product at a price that covers its manufacturing costs but not its overhead. The benefit of marginal pricing is that the lower price point increases ...

Discover the Diamond-Water Paradox—why diamonds cost more than water. Learn about subjective value and marginal utility in economic valuation.

Marginal analysis was the heart of early Austrian economics and was quickly adopted into mainstream economics, where it is central to modern microeconomic analysis. Amazingly, many people in business ...

Q: How much is my house worth? A: Whatever the highest bidder is willing to pay for it. Those of you who took an introductory Economics class in high school or college may remember learning that ...

Marginal cost is the added expense of producing one more unit. A horizontal marginal cost curve indicates consistent production costs. Businesses may aim to maintain horizontal costs to stabilize ...

A price is the amount of money a buyer gives a seller in exchange for a good or a service. But it can be more than that At its most basic, a price is the amount of money that a buyer gives to a seller ...

Understand the key differences between marginal utility and marginal benefit—how they affect pricing, consumer behavior, and ...

“Asked by the BBC if oil could go back "well-above" $100 a barrel, Mr Margerie said "Yes," adding: "The problem is when, the problem is to anticipate this, not to send [a] message to scare people but ...